Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
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The notification amends the Foreign Exchange Management (Debt Instruments) Regulations, 2019, allowing persons residing outside India to purchase and sell Sovereign Green Bonds issued by the Government of India in the International Financial Services Centre (IFSC), subject to specified terms and conditions. It permits inward remittance or use of foreign currency account funds for purchase consideration and outward remittance of sale/maturity proceeds (net of taxes). The amendment aims to facilitate investment in Sovereign Green Bonds by non-residents in the IFSC.
The notification amends the Foreign Exchange Management (Debt Instruments) Regulations, 2019, allowing persons residing outside India to purchase and sell Sovereign Green Bonds issued by the Government of India in the International Financial Services Centre (IFSC), subject to specified terms and conditions. It permits inward remittance or use of foreign currency account funds for purchase consideration and outward remittance of sale/maturity proceeds (net of taxes). The amendment aims to facilitate investment in Sovereign Green Bonds by non-residents in the IFSC.
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