Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

November 2015

A. P. (DIR Series) Circular No. 19 dated October 6, 2015

By Gaurang Gandhi Chartered Accountant
Reading Time 1 mins
fiogf49gjkf0d

Investment by Foreign Portfolio Investors (FPI) in Government Securities

This circular has increased the investment limit in Government Securities as under: –

The
security-wise limit for FPI investments will be monitored on a day-end
basis and those Central Government securities in which aggregate
investment by FPI exceeds the prescribed threshold of 20% will be put in
a negative investment list. No fresh investments by FPI in these
securities will be permitted till they are removed from the negative
list.

There will be no security-wise limit for SDL for now.

Download PDF

You May Also Like

Notification No. FEMA. 353 /2015-RB dated 6th October, 2015

A. P. (DIR Series) Circular No. 20 dated 8th October, 2015