Voluntary Retention Route expansion permits reclassification of general FPI debt investments and allows debt-only ETFs under VRR. The VRR for FPIs is relaxed by increasing the investment cap, permitting FPIs to transfer investments from the General Investment Limit into VRR at their discretion, and allowing FPIs to invest in Exchange Traded Funds that invest only in debt instruments; the changes update prior Directions and are issued under the Foreign Exchange Management Act without prejudice to other required approvals.
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.
Voluntary Retention Route expansion permits reclassification of general FPI debt investments and allows debt-only ETFs under VRR.
The VRR for FPIs is relaxed by increasing the investment cap, permitting FPIs to transfer investments from the General Investment Limit into VRR at their discretion, and allowing FPIs to invest in Exchange Traded Funds that invest only in debt instruments; the changes update prior Directions and are issued under the Foreign Exchange Management Act without prejudice to other required approvals.
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