Investment by Foreign Portfolio Investors (FPI) in Debt

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..... tions, 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. A reference is also invited to the A.P. (DIR Series) Circular No. 31 dated June 15, 2018 (hereinafter, Directions) read with A.P. (DIR Series) Circular No. 19 dated February 15, 2019. 2. On a review, the following changes are made to the .....

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..... ecurities: i. Debt instruments issued by Asset Reconstruction Companies; and ii. Debt instruments issued by an entity under the Corporate Insolvency Resolution Process as per the resolution plan approved by the National Company Law Tribunal under the Insolvency and Bankruptcy Code, 2016 3. The updated Directions are attached. 4. These directions are issued under sections 10(4) and 11(1) of t .....

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