Regulatory Alerts2026-05-29
Added · Updated
Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026
The Reserve Bank of India amends the Foreign Exchange Management (Cross Border Merger) Regulations, 2018, by omitting clause (vii) of regulation 2 and inserting a new definition for 'Competent Authority' as any authority empowered under the Companies Act, 2013 to approve a scheme of merger or amalgamation. The amendment further substitutes the term 'NCLT' with 'Competent Authority' wherever it appears in regulations 4, 5, 7, and 9 of the Principal Regulations. These changes come into force upon their publication in the Official Gazette.
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