Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Second Amendment) Regulations, 2013 - Amendment in Schedule 5 - 255/2013-RB - Foreign Exchange Management
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Rupee corporate bond access expanded: long term foreign investors and central banks allowed repatriable purchases within regulatory limits. The Second Amendment, 2013 to the FEMA transfer/issue regulations amends Schedule 5 by removing references to lock-in periods from specified clauses, substituting language to subject dated Government Securities to terms, conditions and limits as stipulated by regulators, and adding a provision allowing long-term investors and foreign central banks to purchase rupee denominated corporate bonds on a repatriation basis within regulatory limits.
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Provisions expressly mentioned in the judgment/order text.
Rupee corporate bond access expanded: long term foreign investors and central banks allowed repatriable purchases within regulatory limits.
The Second Amendment, 2013 to the FEMA transfer/issue regulations amends Schedule 5 by removing references to lock-in periods from specified clauses, substituting language to subject dated Government Securities to terms, conditions and limits as stipulated by regulators, and adding a provision allowing long-term investors and foreign central banks to purchase rupee denominated corporate bonds on a repatriation basis within regulatory limits.
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