Foreign Portfolio Investment scheme allows registered RFPIs to invest in equity, government and corporate debt under SEBI and RBI limits. The Reserve Bank consolidates prior FII/QFI regimes into a Foreign Portfolio Investment framework by recognising SEBI registered investors as Registered Foreign Portfolio Investors (RFPI), permitting RFPIs to trade equity, convertible debentures, exchange traded derivatives and to invest in government securities and corporate debt subject to RBI and SEBI limits; RFPIs may open Special Non Resident Rupee and foreign currency accounts for investment flows, use eligible securities as collateral on exchanges, and must report transactions to RBI in the existing LEC format, with transitional provisions for existing FIIs and QFIs.
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 scheme allows registered RFPIs to invest in equity, government and corporate debt under SEBI and RBI limits.
The Reserve Bank consolidates prior FII/QFI regimes into a Foreign Portfolio Investment framework by recognising SEBI registered investors as Registered Foreign Portfolio Investors (RFPI), permitting RFPIs to trade equity, convertible debentures, exchange traded derivatives and to invest in government securities and corporate debt subject to RBI and SEBI limits; RFPIs may open Special Non Resident Rupee and foreign currency accounts for investment flows, use eligible securities as collateral on exchanges, and must report transactions to RBI in the existing LEC format, with transitional provisions for existing FIIs and QFIs.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
