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        FEMA

        Foreign Exchange Management (Debt Instruments) (Fourth Amendment) Regulations, 2025 - FEMA/396(4)/2025-RB - Foreign Exchange Management

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        Non-resident rupee account holders can buy/sell Indian government securities and corporate debt using rupee account funds. Persons resident outside India maintaining a rupee account under the deposit regulations may purchase or sell dated Government securities, treasury bills, non-convertible debentures/bonds and commercial papers issued by Indian companies as per Reserve Bank terms; consideration for such purchases must be out of funds held in their 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 can buy/sell Indian government securities and corporate debt using rupee account funds.

                            Persons resident outside India maintaining a rupee account under the deposit regulations may purchase or sell dated Government securities, treasury bills, non-convertible debentures/bonds and commercial papers issued by Indian companies as per Reserve Bank terms; consideration for such purchases must be out of funds held in their rupee account.


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