Permission for non residents to buy Sovereign Green Bonds in IFSCs with prescribed payment and repatriation rules. Non resident persons maintaining securities accounts in an IFSC may purchase and sell Sovereign Green Bonds issued by the Government of India under terms specified by the Reserve Bank. Consideration must be paid by inward remittance through banking channels or from funds in an authorized foreign currency account, and sale or maturity proceeds, net of taxes, may be remitted outside India.
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.
Permission for non residents to buy Sovereign Green Bonds in IFSCs with prescribed payment and repatriation rules.
Non resident persons maintaining securities accounts in an IFSC may purchase and sell Sovereign Green Bonds issued by the Government of India under terms specified by the Reserve Bank. Consideration must be paid by inward remittance through banking channels or from funds in an authorized foreign currency account, and sale or maturity proceeds, net of taxes, may be remitted outside India.
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