Amended notification of the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021 (dated – 12.10.2021) – Ministry of Finance
View PdfAmended notification of the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021 (dated – 12.10.2021) – Ministry of Finance
- This notification has come into effect from 12.10.2021.
- In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in Schedule I, in the Table,
- Against Sl. No. 14.1, –
- In column (2), under the heading “Sector/Activity”, for the entry, the following entry shall be substituted, namely:-“All telecom services including Telecom Infrastructure Providers Category-I, viz. Basic, Cellular, United
- Access Services, Unified license (Access services), Unified License, National/International Long Distance, Commercial V-Sat, Public Mobile Radio Trunked Services (PMRTS), Global Mobile Personal Communications Services (GMPCS), all types of ISP licenses, Voice Mail/Audiotex/UMS, Resale of IPLC, Mobile Number Portability services, Infrastructure Provider Category-I (providing dark fibre, right of way, duct space, tower), Other Service Providers and such other services as may be permitted by the Department of Telecommunications (DoT).”;
- In column (4), under the heading “Entry Route”, for the entry, the following entry shall be substituted, namely: –
- “Automatic”;
- Against Sl. No. 14.2, in column (2), under the sub-heading “Other conditions”, for the entry, the following entry shall be substituted, namely: –
- “The licensing, security and any other terms and conditions as notified by Department of Telecommunications (DoT) from time to time, shall be observed by licensee/entities providing services as referred in serial number 14.1 above as well as investors.”
