RBI-Investment by Foreign Portfolio Investors (FPI) in Debt
February, 18th 2019
RBI/2018-19/123 A.P. (DIR Series) Circular No. 19
February 15, 2019
All Authorised persons
Madam / Sir,
Investment by Foreign Portfolio Investors (FPI) in Debt
Attention of Authorised 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, 2017 notified vide Notification No. FEMA.20(R)/2017-RB dated November 07, 2017, as amended from time to time and the relevant directions issued thereunder.
3. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/ approvals, if any, required under any other law.