Regulator rejects overseas investments proposals of funds that fail to meet set parameters
Experts said the notification provides much-needed clarity on the "acquisition after renunciation of rights" by NRIs
The updated FEMA Rules came into effect from Thursday midnight
Govt has modified circular that classified MFs as investment vehicles
They said the agency has filed a case under the FEMA to probe Abir Lavasa and about Rs 7.25 crore funds raised early this year by a firm -- Nourish Organic Foods Pvt Ltd -- linked to him
Official sources had last week said that the notice was issued after completion of probe
Easing the Reserve Bank of India regulation on put options would be a quick hack to solve a temporary problem. What needs to be fixed is the fundamental design of the Foreign Exchange Management Act