IVCA Welcomes Consultative Approach on Draft FEMA NDI Rules

Mumbai (Maharashtra) [India], August 26: The Indian Venture and Alternate Capital Association (IVCA) has welcomed the recent stakeholder consultation on the draft Foreign Exchange Management (Non-Debt Instruments) Rules, appreciating the open and constructive consultative approach adopted by the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Department for Promotion of Industry and Internal Trade (DPIIT) and Department of Economic Affairs (DEA) with the alternate capital industry.