Permitted foreign portfolio investments: conditions on eligible instruments, delivery, dematerialisation and beneficial ownership requirements, and concentration limits. Regulation 21 delineates eligible instruments for foreign portfolio investors, permits primary and secondary market investment in specified securities, and requires secondary-market transactions to be on a delivery-versus-payment basis subject to enumerated exceptions. Transactions generally must be routed through registered brokers and holdings held in dematerialised form, with registration in the FPI's name as beneficial owner unless approved otherwise. Debt investments must comply with additional Board or Reserve Bank terms, a concentration ceiling applies to equity holdings, and FPIs may engage in securities lending and borrowing under Board rules.
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.
Permitted foreign portfolio investments: conditions on eligible instruments, delivery, dematerialisation and beneficial ownership requirements, and concentration limits.
Regulation 21 delineates eligible instruments for foreign portfolio investors, permits primary and secondary market investment in specified securities, and requires secondary-market transactions to be on a delivery-versus-payment basis subject to enumerated exceptions. Transactions generally must be routed through registered brokers and holdings held in dematerialised form, with registration in the FPI's name as beneficial owner unless approved otherwise. Debt investments must comply with additional Board or Reserve Bank terms, a concentration ceiling applies to equity holdings, and FPIs may engage in securities lending and borrowing under Board rules.
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