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of <h1>New Rules Allow Foreign Investors to Buy Indian Non-Convertible Debentures on Repatriation Basis Under FEMA Regulations.</h1> The circular addresses the purchase and sale of securities, excluding shares or convertible debentures, by individuals residing outside India. It highlights the provisions under the Foreign Exchange Management Regulations, allowing eligible investors such as SEBI-registered Foreign Institutional Investors, Qualified Foreign Investors, and Foreign Portfolio Investors to purchase certain securities on a repatriation basis. The circular introduces flexibility for Foreign Portfolio Investors to acquire non-convertible debentures or bonds issued by Indian companies, either directly or through approved market practices. Authorized Dealer Category-I banks are instructed to inform their clients about these changes, which are issued under the Foreign Exchange Management Act, 1999.
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