Foreign Exchange Management (Non-Debt Instruments) (Third Amendment) Rules, 2026 | Expansion of Investor Category
The RBI has issued the FEM (Non-Debt Instruments) (Third Amendment) Rules, 2026 marking notable liberalisation of India’s portfolio investment framework
Highlights of the Foreign Exchange Management (Authorised Persons) Regulations, 2026
On 26 December 2023, the RBI issued a draft authorisation framework for Authorised Persons under FEMA, and after incorporating stakeholder feedback, notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 on 30 April 2026, effective upon publication in the official gazette. Our Newsflash summarizes the key aspects of these regulations.
ECB Returns | AP Dir Series Circular No. 25
The Reserve Bank of India (“RBI”) has issued A.P. (DIR Series) Circular No. 25 dated 30 March 2026, introducing certain amendments to the Master Direction – Reporting under FEMA with respect to ECB returns. Our News Flash captures the highlights of these changes.
Foreign Direct Investment from Countries sharing Land Border with India | Press Note 2 of 2026
Press Note 3 of 2020 required government approval for all investments from countries sharing land borders with India to prevent opportunistic takeovers during the pandemic. Press Note 2 of 2026 revises this framework by allowing non-controlling investments from such countries under the automatic route, while adding safeguards on beneficial ownership and reporting.
Foreign Exchange Management (Export & Import of Goods & Services) Regulations 2026
Reserve Bank of India through its notification dated 13 January 2026, has issued the Foreign Exchange Management (Export & Import of Goods & Services) Regulations, 2026, superseding previous regulations. Our News Flash summarizes the key provisions and provides an in-depth comparison of these regulations with the earlier ones.
Foreign Exchange Management (Guarantees) Regulations, 2026
The Reserve Bank of India through its notification dated 6 January 2026, has issued the Foreign Exchange Management (Guarantees) Regulations, 2026 (“FEMA 8(R)”, thereby superseding the previous regulations. This News Flash summarises the key aspects of these regulations.
Highlights of the Draft Foreign Exchange Management (Establishment in India of a Branch or Office) Regulations, 2025
On 3 October 2025, the Reserve Bank of India (“RBI”) issued the draft regulations which aim to replace the existing regulations governing establishment of offices in India by foreign entities i.e., the Foreign Exchange Management (Establishment in India of a Branch or a Liaison Office or a Project Office or any other place of business) Regulations, 2016 (“FEMA 22(R)/ 2016”). Some of the key features of the draft regulations have been highlighted in our News Alert.
Highlights of the Draft Foreign Exchange Management (Borrowing and Lending) (Fourth Amendment) Regulations, 2025
On 3 October 2025, the Reserve Bank of India (“RBI”) issued the Draft Amendment Regulations making certain amendments to the existing regulations i.e., the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 (“FEMA 3(R)/ 2018-RB”). Some of the key features of the draft regulations have been highlighted in our News Alert.