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    Question

    What is the significance of the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024, in the context of Indian companies listed on stock exchanges in IFSCs?

    A It introduces taxation on cross-border transactions Correct Answer Incorrect Answer
    B It allows direct listing of Indian companies on international stock exchanges in IFSCs Correct Answer Incorrect Answer
    C It provides tax exemptions to foreign investors Correct Answer Incorrect Answer
    D It regulates the issuance of bonds in foreign currencies Correct Answer Incorrect Answer
    E It enables Indian companies to invest in global markets freely Correct Answer Incorrect Answer

    Solution

    The Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024 allow the direct listing of Indian companies on international stock exchanges located in International Financial Services Centres (IFSCs).

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