Special Rupee Vostro Account investment allows non-residents to place rupee surplus in government securities immediately. Persons resident outside India maintaining a Special Rupee Vostro Account (SRVA) may invest rupee surplus balances in such accounts in Central Government Securities, including Treasury Bills; operational instructions have been incorporated in the Master Direction on Non-resident Investment in Debt Instruments and the updated Master Direction is issued with immediate effect, with Authorised Dealer Category-I banks to notify their constituents.
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.
Special Rupee Vostro Account investment allows non-residents to place rupee surplus in government securities immediately.
Persons resident outside India maintaining a Special Rupee Vostro Account (SRVA) may invest rupee surplus balances in such accounts in Central Government Securities, including Treasury Bills; operational instructions have been incorporated in the Master Direction on Non-resident Investment in Debt Instruments and the updated Master Direction is issued with immediate effect, with Authorised Dealer Category-I banks to notify their constituents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
