Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India

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....ares or convertible debentures of an Indian company by a person resident outside India Attention of Authorized Dealer Category-I (AD Category-I) banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (the Principal Regulations) notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amen....

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....uently, the eligible investors can acquire such securities in any manner as per the prevalent/approved market practice. 3. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers. 4. Reserve Bank has since amended the Principal Regulations through the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outsid....