TaxTMI 
TaxTMI 
Purchase and sale of debt Instruments by a Person Resident outside India
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....rs issued by an Indian company; (d) units of domestic mutual funds or Exchange-Traded Funds (ETFs) which invest less than or equal to 50 percent in equity; (e) Security Receipts (SRs) issued by Asset Reconstruction Companies; (f) debt instruments issued by banks, eligible for inclusion in regulatory capital; (g) Credit enhanced bonds; (h) Listed non-convertible/ redeemable preference shares or debentures issued in terms of Regulation 6 of these Regulations; (i) Securitised debt instruments, including (i) any certificate or instrument issued by a special purpose vehicle (SPV) set up for securitisation of asset/s with banks, Financial Institutions or NBFCs as originators; (j) Rupe....
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....inistered by Pension Fund Regulatory and Development Authority (PFRDA), provided such person is eligible to invest as per the provisions of the PFRDA Act. The annuity/ accumulated saving will be repatriable: Provided that NRI/ OCIs may offer such instruments as permitted by the Reserve Bank from time to time as collateral to the recognized Stock Exchanges in India for their transactions in exchange traded derivative contracts as specified in sub-regulation 2 of regulation 5. C. Permission to Non-resident Indians (NRIs) or Overseas Citizens of India (OCIs) - Non-Repatriation basis (1) An NRI or an OCI may, without limit, purchase on non-repatriation basis, dated Government securities (other than bearer securities), treasury bills, u....
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....urchase of Sovereign Green Bonds in the International Financial Services Centre (IFSC) in India (1) "Persons resident outside India that maintain a securities account with a depository in IFSC in India may purchase or sell Sovereign Green Bonds issued by the Government of India, as per terms and conditions specified by the Reserve Bank.] 2. Mode of Payment (1) The amount of consideration for purchase of instruments by FPIs shall be paid out of inward remittance from abroad through banking channels or out of funds held in a foreign currency account and/ or Special Non-Resident Rupee (SNRR) account maintained in accordance with the Foreign Exchange Management (Deposit) Regulations, 2016. The foreign currency account and SNRR account ....
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....sons resident outside India in terms of sub-paragraph (F) of paragraph 1 of this Schedule shall be paid out of inward remittance from abroad through banking channels or out of funds held in a foreign currency account maintained in accordance with the regulations issued by the Reserve Bank and/or the International Financial Services Centre Authority.] (5) The amount of consideration for purchase of instruments by other non-resident investors shall be paid out of inward remittances from abroad through banking channels. 3. Permission for Sale of instruments A person resident outside India who has purchased instruments in accordance with this Schedule may sell/ redeem the instruments subject to such terms and conditions as may be speci....
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.... an account opened with the prior permission of the Reserve Bank. ***************** NOTES:- 1. Inserted vide Notification No. FEMA.396(1)/2021-RB dated 13-10-2021, w.e.f. 13-10-2021 2. Inserted vide Notification No. FEMA.396(2)/2023-RB dated 16-10-2023, w.e.f. 16-10-2023 3. Inserted vide Notification No. FEMA.396(2)/2023-RB dated 16-10-2023, w.e.f. 16-10-2023 4. Inserted vide Notification No. FEMA.396(2)/2023-RB dated 16-10-2023, w.e.f. 16-10-2023 5. Inserted vide Notification No. FEMA.396(3)/2024-RB dated 02-08-2024, w.e.f. 02-08-2024 6. Inserted vide Notification No. FEMA.396(3)/2024-RB da....