Investment by Foreign Portfolio Investors (FPI) in Corporate Bonds
Dated November 26th, 2015 | Copy of | Circular No.31 26/11/2015 | To, All Authorised Persons 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 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time and to A.P. (DIR Series) Circular No.71 dated February 3, 2015 and A. P. (DIR Series) Circular No.73 dated February 6, 2015 in terms of which all future investments by Foreign Portfolio Investors (FPI) in NCDs/bonds shall be required to be made in securities with a minimum residual maturity of three years. 2. On a review, it has been decided to ...
