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August 2015

A. P. (DIR Series) Circular No. 6 dated 16th July, 2015

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Foreign Investment in India by Foreign Portfolio Investors

This circular clarifies that in the case of investment by FPI in security receipts (SR) issued by the Asset Reconstruction Companies (ARC): –

1. Restriction on investments with less than three years residual maturity will not be applicable.
2. Investment in SR must be within the overall limit prescribed for corporate debt from time to time.

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