The Finance Ministry has amended International Trade Administration (Non-debt Devices) Guidelines, 2019 on Friday trying to simplify rules for International Direct Funding and Abroad Funding.
The amendments enable cross-border share swaps and supply for the problem or switch of Indian firm fairness devices in alternate for international corporations’ fairness devices. “Different amendments embrace standardising the definition of ‘management’ to make sure consistency with different Acts and enabling white label ATMs to spice up monetary inclusion nationwide, the Ministry mentioned in a launch, including the purpose is to allow “international growth of Indian corporations via mergers, acquisitions, and different strategic initiatives, enabling them to achieve new markets and develop their presence worldwide.”
