RBI has notified Foreign Exchange Management (Debt Instruments) Regulations, 2019 (‘Debt Instrument Regulations’) vide. Notification dated October 17, 2019. The regulations supersedes erstwhile FEM (Transfer of Issue of Security by a Person Resident outside India) Regulations, 2017 and are effective from Oct 17, 2019. The new regulation has been issued in order to bifurcate regulatory control over debt & non-debt instruments between the RBI and the Central Government.
from taxmann.com News https://www.taxmann.com/topstories/222330000000019568/comparative-analysis-of-fem-debt-instruments-regulations-2019-vis-à-vis-old-norms.aspx
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