FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
SCHEDULE 02A - Purchase/Sale of Shares / convertible debentures of an Indian Company by Registered Foreign Portfolio Investor (RFPI) under Foreign Portfolio Investment (FPI) Scheme
Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000
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Foreign portfolio investment limits govern RFPI holdings, account routing, pricing and remittance for purchases and sales. RFPIs registered under SEBI may purchase shares, convertible debentures or warrants of Indian companies under the FPI Scheme; purchases must be funded by inward remittance or credited sale proceeds into designated non interest bearing foreign currency or special non resident rupee accounts, usable only for permitted purchases or remittances. Individual and aggregate RFPI holding limits apply but may be increased to sectoral/statutory ceilings through board and special shareholder resolution. Acquisitions in primary and secondary markets count toward the ceiling; pricing and certification rules govern public offers and private placements. Short selling, securities lending and remittance of net sale proceeds are permitted subject to RBI/SEBI conditions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign portfolio investment limits govern RFPI holdings, account routing, pricing and remittance for purchases and sales.
RFPIs registered under SEBI may purchase shares, convertible debentures or warrants of Indian companies under the FPI Scheme; purchases must be funded by inward remittance or credited sale proceeds into designated non interest bearing foreign currency or special non resident rupee accounts, usable only for permitted purchases or remittances. Individual and aggregate RFPI holding limits apply but may be increased to sectoral/statutory ceilings through board and special shareholder resolution. Acquisitions in primary and secondary markets count toward the ceiling; pricing and certification rules govern public offers and private placements. Short selling, securities lending and remittance of net sale proceeds are permitted subject to RBI/SEBI conditions.
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