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GUIDELINEReserve Bank of India
RBI Releases Master Direction on Foreign Investment in India - Updated FEMA Compliance
20 February 2026 Ref: RBI/FEMA/2026/15
The Reserve Bank of India has released an updated Master Direction consolidating all FEMA regulations related to foreign investment in India.
The updated direction covers:
- Revised reporting timelines for FC-GPR and FC-TRS
- Updated pricing guidelines for issue/transfer of shares
- New provisions for downstream investments by FDI entities
- Liberalised ODI framework for Indian entities
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