Voluntary Retention Route extension - FPIs granted additional time to meet committed investment threshold and reset retention period. FPIs allotted VRR investment limits in the noted reopening period are granted an additional three months to invest 75% of their Committed Portfolio Size. Where this extension is used, the retention period for the investments committed at allotment is reset to begin from the date the FPI invests 75% of CPS. The instruction follows prior VRR directions and is issued under the foreign exchange statute, without prejudice to other required permissions.
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 extension - FPIs granted additional time to meet committed investment threshold and reset retention period.
FPIs allotted VRR investment limits in the noted reopening period are granted an additional three months to invest 75% of their Committed Portfolio Size. Where this extension is used, the retention period for the investments committed at allotment is reset to begin from the date the FPI invests 75% of CPS. The instruction follows prior VRR directions and is issued under the foreign exchange statute, without prejudice to other required permissions.
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