DEPARTMENT OF ECONOMIC AFFAIRSNOTIFIES AMENDMENT TO FOREIGNEXCHANGE MANAGEMENT(NON DEBTINSTRUMENTS) RULES, 2019

May 9, 2026

India’s FDI framework is evolving — and so is the approach towards beneficial ownership and strategic investments.

The latest amendments to the FEM (Non-Debt Instruments) Rules, 2019 aim to balance:

✔️ Ease of investment
✔️ Regulatory oversight
✔️ Strategic and national interests

From 100% FDI in insurance to clarity on beneficial ownership and LBC-linked investments, the changes reshape how foreign investment structures may now be evaluated.

Explore the key amendments and their practical implications in this carousel. Click here