https://www.taxtmi.com/circulars?id=53206 FPIs must make all new investments in Indian debt instruments with a minimum residual maturity of three years; fresh investments in commercial paper and in instruments with optionality exercisable within three years are prohibited. Investment in amortised instruments is permitted only where the instrument's duration is three years or longer. Arrangements that negate these maturity or optionality constraints do not conform with the prescribed directions, and authorised dealer banks must communicate and enforce these requirements under the stated regulatory powers. en-us Fri, 06 Feb 2015 00:00:00 +0530 Tue, 10 Feb 2015 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53206 FPIs must make all new investments in Indian debt instruments with a minimum residual maturity of three years; fresh investments in commercial paper and in instruments with optionality exercisable within three years are prohibited. Investment in amortised instruments is permitted only where the instrument's duration is three years or longer. Arrangements that negate these maturity or optionality constraints do not conform with the prescribed directions, and authorised dealer banks must communicate and enforce these requirements under the stated regulatory powers. Circulars FEMA Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53206