FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
SCHEDULE 05 - Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India. - [See Regulation 5 (4)]
Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000
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Nonresident purchase permissions for Indian debt and securitised instruments set out routes, limits and repatriation rules. Permissions for non resident acquisition and disposal of specified Indian debt and related securities are allocated by investor class, permitting instruments such as dated Government securities, non convertible debentures/bonds, commercial paper, mutual fund units, securitisation instruments and qualifying perpetual debt, subject to SEBI/RBI terms. Repatriation basis and investor level or tranche ceilings apply for certain instruments; designated payment routes and permitted non resident accounts govern purchase consideration. Sales, redemptions and remittance of net proceeds are allowed subject to conditions, account provenance and Reserve Bank approval where required.
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.
Nonresident purchase permissions for Indian debt and securitised instruments set out routes, limits and repatriation rules.
Permissions for non resident acquisition and disposal of specified Indian debt and related securities are allocated by investor class, permitting instruments such as dated Government securities, non convertible debentures/bonds, commercial paper, mutual fund units, securitisation instruments and qualifying perpetual debt, subject to SEBI/RBI terms. Repatriation basis and investor level or tranche ceilings apply for certain instruments; designated payment routes and permitted non resident accounts govern purchase consideration. Sales, redemptions and remittance of net proceeds are allowed subject to conditions, account provenance and Reserve Bank approval where required.
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