Qualified Foreign Investor access to Indian corporate debt permitted, subject to single Rupee account, KYC and reporting obligations. QFIs may invest on a repatriation basis in defined Indian corporate debt instruments through SEBI-registered QDPs or on recognised exchanges, subject to applicable pricing and listing timelines; each QFI must use a single non-interest bearing Rupee Account for all receipts and payments related to eligible securities and maintain a single demat account with a QDP. Eligibility is limited to persons resident in jurisdictions meeting FATF and IOSCO cooperation criteria (excluding certain jurisdictions and existing FII/FVCI registrants). KYC, reporting to RBI and SEBI, an overall investment ceiling, and permission to hedge currency risk apply.
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.
Qualified Foreign Investor access to Indian corporate debt permitted, subject to single Rupee account, KYC and reporting obligations.
QFIs may invest on a repatriation basis in defined Indian corporate debt instruments through SEBI-registered QDPs or on recognised exchanges, subject to applicable pricing and listing timelines; each QFI must use a single non-interest bearing Rupee Account for all receipts and payments related to eligible securities and maintain a single demat account with a QDP. Eligibility is limited to persons resident in jurisdictions meeting FATF and IOSCO cooperation criteria (excluding certain jurisdictions and existing FII/FVCI registrants). KYC, reporting to RBI and SEBI, an overall investment ceiling, and permission to hedge currency risk apply.
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