MANU/APDR/0074/2013

Ministry : Reserve Bank of India

Department/Board : RBI A.P. DIR (Series)

Circular No. : A.P.(DIR Series) Circular No. 111 RBI/2012-13/530

Date : 12.06.2013

Notification/ Circulars Referred:MANU/RFEM/0012/2000 MANU/RFEM/0012/2000;MANU/APDR/0050/2013 MANU/APDR/0050/2013

Referred IN

Notification/ Circulars Referred : Notification No. FEMA.20/2000-RB dated May 3, 2000 MANU/RFEM/0012/2000;A.P.(DIR Series) Circular No.94 dated April 1, 2013 MANU/APDR/0050/2013

Citing Reference:
A.P.(DIR Series) Circular No.94 dated April 1, 2013 MANU/APDR/0050/2013  Referred

To

All Category - I Authorised Dealer Banks

Madam / Sir,

Foreign investment in India by SEBI registered Long term investors in Government dated Securities

Attention of Authorized 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, 2000 notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time, in terms of which SEBI registered Foreign Institutional Investors (FIIs) and long term investors may purchase, on repatriation basis Government securities and non-convertible debentures (NCDs) / bonds issued by an Indian company subject to such terms and conditions as mentioned therein and limits as prescribed for the same by RBI and SEBI from time to time.

2. Attention of AD Category-I banks is also invited to A.P.(DIR Series) Circular No.94 dated April 1, 2013 in terms of which the present limit for investments by FIIs, QFIs and long term investors in Government securities and for corporate debt stood at USD 25 billion and USD 51 billion respectively.

3. On a review, it has now been decided in consultation with Government of India to enhance the limit for foreign investment in Government dated securities with USD 5 billion to USD 30 billion with im........