New Delhi, June 8 -- The Reserve Bank of India (RBI) has amended the Foreign Exchange Management (Cross Border Merger) Regulations, 2018, to broaden the approval framework for cross-border mergers and align it with evolving corporate restructuring provisions under the Companies Act, 2013.

RBI Updates Cross-Border Merger Regulations

Through the Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026, the RBI has replaced references to the National Company Law Tribunal (NCLT) with the broader term 'Competent Authority' across key provisions governing cross-border merger transactions.

Under the revised framework, 'Competent Authority' has been defined as any authority empowered under the Companies Act, 2013, or rul...