FEM (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2018

Reporting requirements vide Form ARF (Advance Remittance Form) has been done away with.
Further, an Investment vehicle which has issued its units to a person resident outside India is required to file Form InVi within 30 days from the date of issue of unit.
Also, an investment vehicle making downstream investment in another Indian entity is required to file Form DI within 30 days of investment.