https://www.taxtmi.com/circulars?id=11388 Permits repatriation basis foreign investment into IDFs set up as NBFCs or SEBI registered mutual funds, by specified SEBI registered sovereign, multilateral, pension, insurance, endowment funds, FIIs, NRIs and SEBI registered HNIs; eligible instruments include rupee units and rupee or, for qualifying investors, foreign currency denominated bonds. All investments require an original five year maturity and a three year lock in (with intra non resident trading allowed). Foreign currency bonds must meet ECB conditions, hedging is permitted under FEMA, and quantitative limits apply to non NRI investments while NRIs face no cap for rupee securities. en-us Tue, 22 Nov 2011 00:00:00 +0530 Wed, 23 Nov 2011 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11388 Permits repatriation basis foreign investment into IDFs set up as NBFCs or SEBI registered mutual funds, by specified SEBI registered sovereign, multilateral, pension, insurance, endowment funds, FIIs, NRIs and SEBI registered HNIs; eligible instruments include rupee units and rupee or, for qualifying investors, foreign currency denominated bonds. All investments require an original five year maturity and a three year lock in (with intra non resident trading allowed). Foreign currency bonds must meet ECB conditions, hedging is permitted under FEMA, and quantitative limits apply to non NRI investments while NRIs face no cap for rupee securities. Circulars FEMA Tue, 22 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11388