https://www.taxtmi.com/circulars?id=8625 Custodian banks may issue Irrevocable Payment Commitments (IPCs) to stock exchanges/clearing corporations on behalf of FIIs for purchase of shares under the Portfolio Investment Scheme, subject to Reserve Bank regulations on banks' exposure to the capital market and existing DBOD instructions; amendments to the Guarantee Regulations will follow and AD Category I banks must inform constituents and ensure regulatory compliance. en-us Fri, 29 Apr 2011 00:00:00 +0530 Tue, 13 Jan 2026 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8625 Custodian banks may issue Irrevocable Payment Commitments (IPCs) to stock exchanges/clearing corporations on behalf of FIIs for purchase of shares under the Portfolio Investment Scheme, subject to Reserve Bank regulations on banks' exposure to the capital market and existing DBOD instructions; amendments to the Guarantee Regulations will follow and AD Category I banks must inform constituents and ensure regulatory compliance. Circulars FEMA Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8625