Investment by Foreign Portfolio Investors (FPIs) in Debt Review - FEMA - 16
Extract
..... RBI/2021-22/120 A.P. (DIR Series) Circular No. 16 November 08, 2021 To All Authorised Persons Madam / Sir Investment by Foreign Portfolio Investors (FPIs) in Debt - Review Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA.396/2019-RB dated October 17, 2019, as amended from time to time and the relevant Directions issued thereunder. 2. A reference is a .....
..... stments shall be reckoned within the limits and shall be subject to the terms and conditions for investments by FPIs in debt securities under the respective regulations of MTF and VRR. 5. AD Category-I banks may bring the contents of the circular to the notice of their customers/constituents concerned. 6. The Directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/appr .....