The Economic and Financial Measures (Miscellaneous Provisions) Act 2026 (Act No. 13 of 2026)

Economic and Financial Measures (Miscellaneous Provisions) Act 2026 (Act 13/2026, published 13 Aug 2026), amending about 58 laws (banking, companies, co-operatives, environment, financial services, higher education, pensions, road traffic, waqf and others; out of scope). In scope: s. 15 EDB Act (deletes family occupation permit; defines 'golden visa'; creates AI City Scheme with expedited permits; replaces First Schedule Part I occupation-permit criteria via the Fifth Schedule: investor USD 100,000 transferred within 60 days, turnover Rs 5 million from year 3 and Rs 8 million for renewal from year 5, self-employed USD 50,000, professional salary Rs 50,000, technical category; repeals Part II; adds permanent-residence routes for golden visa holders investing USD 1 million within 12 months and AI founders investing USD 1 million); s. 25 Immigration Act 2022 (repeals family occupation permit Section F, fees 'as may be prescribed' for residence permits from 1 Oct 2026, digital travel authorisation, repeals s. 8(1)(i) whose content the Act does not show); s. 35 Citizenship Act (removes 'absolute discretion' wording in s. 7(3), repeals s. 11(8); no numbers); s. 61 commencement. Already in data: family occupation permit closure event. This pass added 7 rules (investor permit criteria, golden-visa and AI-founder permanent residence). Not recorded: self-employed (USD 50,000 plus client letters; a self-employment route, out of scope by decision 15), professional and technical salary criteria (employment), fees left to regulations (no amount).