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          FEMA

          For investment in T-Bills and government securities from funds of SRVA with AD bank, whether FPI license is required by the account holder overseas bank?

          International Trade Settlement in Indian Rupees (INR) - As on Dec 01, 2022

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          FPI license requirement not needed for overseas account holders investing in government securities from SRVA funds via authorized dealers. The operative position states that an FPI license is not required by an overseas account holder to invest in treasury bills and government securities out of funds held as Special Rupee Vostro Accounts (SRVA) with an authorized dealer bank; investments from SRVA funds through the authorized dealer do not mandate FPI licensing under the FEMA FAQ on international trade settlement in INR.
                            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.

                                  FPI license requirement not needed for overseas account holders investing in government securities from SRVA funds via authorized dealers.

                                  The operative position states that an FPI license is not required by an overseas account holder to invest in treasury bills and government securities out of funds held as Special Rupee Vostro Accounts (SRVA) with an authorized dealer bank; investments from SRVA funds through the authorized dealer do not mandate FPI licensing under the FEMA FAQ on international trade settlement in INR.


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