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May 2014

A. P. (DIR Series) Circular No. 118 dated 7th April, 2014

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
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Foreign investment in India in Government Securities

Presently, FII, QFI, long term investors and FPI, registered with SEBI, can invest in Government securities including T-Bills (sub-limit of US $ 5.50 billion) and dated Government Securities (sub-limit of US $ 10 billion) within the overall limit of US $ 30 billion.

This circular provides that FII, QFI, long term investors and FPI, registered with SEBI, can now invest in Government dated securities having residual maturity of 1 year and above and existing investments in T-bills and Government dated securities of less than 1 year residual maturity will be allowed to taper off on maturity/sale.

The revised position is as under: –

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