REPORTING ON FIRMS PORTAL - ISSUANCE OF PARTLY PAID UNITS BY INVESTMENT VEHICLES

NEW DELHI, May 23 -- The Government of India issued the following FEMA circular:

RBI/2025-26/40

A.P. (DIR Series) Circular No. 06

May 23, 2025

To

All Category - I Authorised Dealer Banks

Madam / Sir

Reporting on FIRMS portal - Issuance of Partly Paid Units by Investment Vehicles

Attention of Authorised Dealer (AD) Category - I banks is invited to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter referred as 'Rules'), notified by the Central Government on October 17, 2019, which have been amended through the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2024 vide S.O. 1361(E), dated March 14, 2024, enabling issuance of partly paid units to persons resident outside India by...