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        FEMA

        Foreign Exchange Management (Debt Instruments) (Second Amendment) Regulations, 2023. - FEMA.396(2)/2023-RB - Foreign Exchange Management

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        Non-resident rupee account holders may trade dated government securities and treasury bills with proceeds credited to their rupee account. Persons resident outside India maintaining a rupee account under regulation 7(1) of the Foreign Exchange Management (Deposit) Regulations, 2016 may purchase or sell dated Government securities and treasury bills as per Reserve Bank terms; purchase consideration must be paid from funds in that rupee account; and sale or maturity proceeds, net of applicable taxes, shall be credited to the same rupee account.
                    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.

                          Non-resident rupee account holders may trade dated government securities and treasury bills with proceeds credited to their rupee account.

                          Persons resident outside India maintaining a rupee account under regulation 7(1) of the Foreign Exchange Management (Deposit) Regulations, 2016 may purchase or sell dated Government securities and treasury bills as per Reserve Bank terms; purchase consideration must be paid from funds in that rupee account; and sale or maturity proceeds, net of applicable taxes, shall be credited to the same rupee account.


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