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    <title>REGULATION OF DEBT INSTRUMENTS</title>
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    <description>The Regulations implement FEMA authority to define and regulate specified debt instruments, listing eligible securities and vesting RBI with power to determine permissible classes, limits and conditions. They restrict investment and receipt of investment by persons resident outside India except as permitted under the Regulations or by RBI approval, prescribe permitted investor categories (including FPIs, NRIs, OCIs and certain banks), and set account based payment and remittance rules. Disposal and remittance of sale or maturity proceeds require adherence to the Regulations, banking channels, tax compliance and RBI or authorized dealer conditions.</description>
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