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Date: 2021-10-12 Category: Extra Ordinary State: Union Government Country: India

Foreign Exchange Management Non debt Instruments Fourth Amendment Rules 2021

Issued by Ministry of Finance · Department of Economic Affairs

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Executive Summary & Key Takeaways

Executive Summary: This notification, dated October 12, 2021, introduces the Foreign Exchange Management Non-debt Instruments Fourth Amendment Rules, 2021, further amending the 2019 rules. The amendments relate to telecom services and infrastructure providers. These rules take effect upon publication in the Official Gazette. Key Points / Main Content: * **Amendments to Foreign Exchange Management Non-debt Instruments Rules, 2019:** * The Foreign Exchange Management Non-debt Instruments Rules, 2019 are further amended. * **Telecom Sector Activity (Sl. No. 14.1):** * The entry under "Sector/Activity" for Sl. No. 14.1 is substituted to include "All telecom services including Telecom Infrastructure Providers Category-I" and lists specific services and providers. * The entry route is "Automatic." * **Other Conditions (Sl. No. 14.2):** * For Sl. No. 14.2, the licensing, security, and other terms and conditions notified by the Department of Telecommunications (DoT) must be observed by licensee entities providing services referenced in serial number 14.1, as well as investors. Impact Analysis: Licensee Entities Providing Telecom Services and Investors: * Impact: Must adhere to the licensing, security, and other terms and conditions as notified by the Department of Telecommunications (DoT). This includes entities providing telecom services referenced in serial number 14.1. * Action Required: Ensure compliance with DoT's regulations and guidelines.

Key Entities Referenced

Foreign Exchange Management Act, 1999: A law enacted in 1999 by the parliament of India to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. Foreign Exchange Management Non-debt Instruments Rules, 2019: Rules pertaining to the management of non-debt instruments under the Foreign Exchange Management Act. Foreign Exchange Management Non-debt Instruments Fourth Amendment Rules, 2021: An amendment to the Foreign Exchange Management Non-debt Instruments Rules. Department of Telecommunications DoT: A department under the Ministry of Communications, Government of India responsible for telecom policy, licensing and regulation. Ministry of Finance: A ministry in the Government of India responsible for the finances of the country. Department of Economic Affairs: A department under the Ministry of Finance in the Government of India. New Delhi: The capital of India and location of the notification. Anand Mohan Bajaj: Additional Secretary who signed the notification
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-12102021-230391 xxxGIDHxxx CG-DL-E-12102021-230391 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3895] नई दिल्ली, ंगं लिार, अक्त बू र 12, 2021/ आज‍ि न 20, 1943 No. 3895] NEW DELHI, TUESDAY, OCTOBER 12, 2021/ ASVINA 20, 1943 जित्त ं्ं ाल (आर्थकि का ि जिभाग) अजधसचू ना नई दिल्ली, 12 अक् तूबर, 2021 का.आ. 4242(अ.).—केंद्री सरकार, जििेिी ंुद्रा प्रबंध अजधजन ं, 1999 (1999 का 42) की धारा 46 की उप-धारा (2) के खंड (कक) और (कख) द्वारा प्रित् त िजक्त क का प्र ग करते एए, जििेिी ंुद्रा प्रबंध (गरै -ऋण जलखत) जन ं, 2019 ंें और संि धन करने के जलए जनम् नजलजखत जन ं बनाती ह,ै अथाित:्- 1. (1) इन जन ंक का संजिप्त नां जििेिी ंुद्रा प्रबंध (गरै -ऋण जलखत) (चौथा संि धन) जन ं, 2021 ह।ैं (2) ेरािप् ंें इनके प्रकािन की तारीख क प्रिृत्त हकगे। 2. जििेिी ंुद्रा प्रबंध (गैर-ऋण जलखत) जन ं, 2019 ं,ें अनसु ूची 1 ंें, सारणी ंें,- (i) क्र.सं. 14.1 के सांन,े - (क) स्ट्तंभ 2 ंें ''िे्/ दक्र ा'', िीर्िक के अतं गति प्रजिजि के जलए, जनम् नजलजखत प्रजिजि क रखा िाएगा, अथाति ्:- ''िरू संचार अिसंरचना प्रिाता श्रेणी-।, अथाित बेजसक, सेलुलर, ूनाइटेड एक्सेस सर्ििसेि, ूजनफाइड लाइसेंस (एक्सेस सर्ििसेि), ूजनफाइड लाइसेंस, नेिनल/इंटरनेिनल लागं जडस्ट्टेन्स, कॉंर्सि ल V-सेट, पजललक ं बाइल रेजड क रन्कड सर्ििसेि (एंपीआरटीएस), ग्ल बल ं बाइल पसिनल कम् ूजनकेिन सर्ििसेि 5851 GI/2021 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] (िीएंपीसीएस), सजहत सभी िरू संचार सेिाएं, सभी प्रकार की आईएसपी लाइसेंस, िॉ स ंेल/ऑजड टेक्स/ ूएंएस, आईपीएलसी की पनु : जिक्री, ं बाइल न.ं प टेजबजलटी सर्ििसेि, अिसंरचना प्रिाता श्रेणी-। (डाकि फाइबर, राइट ऑफ िे, डक्ट स्ट्पेि, ट अर प्रिान करना) अन् सेिा प्रिाताओं और ऐसी अन् सेिाएं ि िरू संचार जिभाग (डीओटी) द्वारा अनुंत ह सकती ह।ैं ''; (ख) स्ट्तंभ (4) ंें ''प्रिेि ंाग'ि' िीर्िक के अतं गति प्रजिजि के जलए जनम् नजलजखत प्रजिजि क रखा िाएगा, अथाित्:- '' ऑट ंैटटक''; (ii) क्र. सं. 14.2 के सांन,े स्ट्तंभ (2) ं ें''अन् ित'ें' िीर्िक के अंतगित खंड के जलए जनम्नजलजखत प्रजिजि क रखा िाएगा, अथाित्:- ''लाइसेंससंग, जसक् टरटी और क ई अन् ितों और जनबंधनक िैसा दक िरू संचार जिभाग (डीओटी) द्वारा सं -सं पर अजधसूजचत दक ा ग ा ह,ै का लाइसेंसधारक और ऊपर क्र.स.ं 14.1 ंें थासंिर्भित सेिा प्रिान करने िाली इकाइ क और जनिेिकक द्वारा अनुपालन दक ा िाएगा।'' [फा.सं. 01/05/ईएं/2019] आनंि ं हन बिाि, अपर सजचि टटप्पणी : ंूल जन ं भारत के रािप्, असाधारण, भाग-II, खंड-3, उप-खंड (ii) ंें संख ांक का.आ. 3732 (अ), तारीख 17 अक्तूबर, 2019 द्वारा प्रकाजित दकए गए थे और तत्प‍ चात् जनम् नजलजखत अजधसूचना संख ांक द्वारा संि जधत दकए गए:- (i) का.आ. 4355 (अ), तारीख 5 दिसंबर, 2019 (ii) का.आ. 1278 (अ), तारीख 22 अप्रलै , 2020 (iii) का.आ. 1374 (अ), तारीख 27 अप्रलै , 2020 (iv) का.आ. 2442 (अ), तारीख 27 िुलाई, 2020 (v) का.आ. 4441 (अ), तारीख 08 दिसंबर, 2020 (vi) का.आ. 3206 (अ), तारीख 09 अगस्ट्त, 2021 (vii) का.आ. 3411 (अ), तारीख 19 अगस्ट्त, 2021 और (viii) का.आ. 4091 (अ), तारीख 5 अक्तूबर, 2021 MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 12th October, 2021 S.O. 4242(E).—In exercise of the powers conferred by clauses (aa) and (ab) of sub-section (2) of section 46 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Central Government hereby makes the following rules further to amend the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, namely:- 1. (1) These rules may be called the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, in Schedule I, in the Table, -[भाग II—खण् ड 3(ii)] भारत का रािप् : असाधारण 3 (i) against Sl. No. 14.1, - (a) 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).”; (b) in column (4), under the heading “Entry Route”, for the entry, the following entry shall be substituted, namely: - “Automatic”; (ii) 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.” [F. No. 01/05/EM/2019] ANAND MOHAN BAJAJ, Addl. Secy. Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), vide number S.O.3732 (E), dated the 17th October, 2019 and subsequently amended vide notification numbers: - (i) S.O. 4355 (E), dated the 5th December 2019, (ii) S.O. 1278 (E), dated the 22nd April, 2020, (iii) S.O. 1374 (E), dated the 27th April, 2020, (iv) S.O. 2442 (E), dated the 27th July, 2020, (v) S.O. 4441 (E), dated the 8th December, 2020, (vi) S.O. 3206 (E), dated the 9th August, 2021, (vii) S.O. 3411 (E), dated the 19th August, 2021 and (viii) S.O. 4091 (E), dated the 5th October 2021 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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