NCLAT: Security to Become Part of Liquidation Estate if Creditor Fails to Deposit Amount in 90 Days  ||  NCLAT: To Reject Application u/s 9 of IBC Reflection of Genuine Pre Existing Dispute Sufficient  ||  NCLAT: Can’t Terminate Lease Hold Rights in Favor of CD During Moratorium Period  ||  NCLT Kochi: As Per IBBI Regulations, Replaced Liquidator Entitled to Minimum 2 Lakh Rupees  ||  Del. HC: Participation in Arbitral Proc. Doesn’t Imply Acceptance of Arbitrator’s Unilateral Appoin.  ||  P&H HC: Measured Legal Response Necessitates Vigilance at Point of Entry  ||  Ker. HC: There is No Personal Law in India Applicable to Christians Recognizing Adoption  ||  SC: Protection under TP Act Not Available to if Party Knew about Pending Litigation  ||  Supreme Court: BCI Has No Authority to Interfere with Legal Education  ||  SC: Party Having No Privity of Contract with Service Provider Can’t be Called ‘Consumer’ under CP Act    

'Voluntary Retention Route' (VRR) for Foreign Portfolio Investors (FPIs) investment in debt - relaxations- (Reserve Bank of India) (23 Jan 2020)

MANU/APDR/0006/2020

Banking

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as amended from time to time, and relevant directions issued thereunder. Attention is also invited to A.P. (DIR Series) Circular No. 34 dated May 24, 2019 (hereinafter Directions).

On a review, the following changes are made to the Directions governing investment through the Voluntary Retention Route (VRR). a. The investment cap is increased to Rs. 1,50,000 crores from Rs. 75,000 crores. b. FPIs that have been allotted investment limits under VRR may, at their discretion, transfer their investments made under the General Investment Limit to VRR. c. FPIs are also allowed to invest in Exchange Traded Funds that invest only in debt instruments.

These directions are 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.

Tags : VRR   FPIS   RELAXATIONS  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved