Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)(First Amendment) Regulations, 2003 - 085/2003 - Foreign Exchange Management
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Access to exchange traded derivatives: FIIs may trade under regulator limits; NRIs may invest non repatriably under prescribed limits. Permits a registered Foreign Institutional Investor with valid foreign exchange approval to trade in exchange traded derivative contracts approved by the market regulator subject to prescribed limits, and permits a Non Resident Indian to invest in such contracts out of Indian rupee funds held in India on a non repatriable basis subject to prescribed limits, with such NRI investments being ineligible for repatriation benefits.
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.
Access to exchange traded derivatives: FIIs may trade under regulator limits; NRIs may invest non repatriably under prescribed limits.
Permits a registered Foreign Institutional Investor with valid foreign exchange approval to trade in exchange traded derivative contracts approved by the market regulator subject to prescribed limits, and permits a Non Resident Indian to invest in such contracts out of Indian rupee funds held in India on a non repatriable basis subject to prescribed limits, with such NRI investments being ineligible for repatriation benefits.
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