Investment by Foreign Portfolio Investors in Government Securities
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....banks is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time. The limits for investment by foreign portfolio investors (FPIs) in Government securities were last increased in terms of Medium Term Framework (MTF) anno....
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.... 5. The limits for the long term investors remaining unutilized at the end of March 2017 will be released for investment under the general category in April 2017. 6. All other existing conditions, including the security-wise limits, investment of coupons being permitted outside the limits and investments being restricted to securities with a minimum residual maturity of three years, will cont....
TaxTMI