Foreign Exchange Management Manual | Set of 2 Volumes

I-7 CONTENTS PAGE CONTENTS PAGE I-7

CONTENTS I-8 PAGE

I-9 CONTENTS PAGE

CONTENTS I-10 PAGE

I-11 CONTENTS PAGE

CONTENTS I-12 PAGE

I-13 CONTENTS PAGE

CONTENTS I-14 PAGE

I-15 CONTENTS PAGE

CONTENTS I-16 PAGE

*See Volume 2.

I-17 CONTENTS PAGE

*See Volume 2.

CONTENTS I-18 PAGE

*See Volume 2.

I-19 CONTENTS PAGE

28

PORTFOLIO

28.1 FPI Investment in Indian companies FPI (Foreign Portfolio Investor) Listed Indian company Unit 28.2 Avenues for Investment by Foreign Portfolio Investor (FPI) 13.270

INVESTMENT BY FOREIGN

INVESTOR

Investment and trading in exchange traded derivate contracts

Sale or purchase of IDR

28.2-1 Purchase or sale of equity instruments by Foreign Portfolio Investors

Investment limit upto 31-3-2020 was 24% by FPIs

Investment limit of FPI from 1-4-2020 is same as sectoral cap

-

13.271 Para 28.2

proviso

-Investor group of FPI Explanation a ii Sectoral capExplanation: i ii am 28.2-2 If investment increases the limit, FPI should sale excess or investment will be treated as FDIPara 28.2 13.272

Earlier provision

a iv

28.2-3 Clubbing if investment made by foreign Government Agencies

a v a b13.273 Para 28.2

28.2-4 Purchase of equity instruments by FPI through public offer or private placement

28.2-5 Short selling and lending/borrowing of securities by FPI

28.2-6 Investments by FPI subject to conditions specified by RBI and SEBI

28.3 Purchase or sale of securities other than equity instruments by FPIs

a vi

a vii

b iii Equity instrumentsExplanation:- iii iii k Para 28.3 13.274

-

28.4 Mode of payment for purchases and remittance of sale proceeds

-

28.5 Transfer of equity instruments of an Indian company by FPI 28.6 RBI Instructions on Mode of payment, Remittance of sale proceeds and reporting

13.275 Para 28.6

28.6-1 Mode of payment by FPI

Unless otherwise specified in these regulations or the relevant Schedules, the foreign currency account and SNRR account shall be used only and exclusively for transactions under this Schedule II of FEM (Non-debt Instruments) Rules, 2019.

28.6-2 Remittance of sale proceeds outside India

The sale proceeds (net of taxes) of equity instruments and units of REITs, InViTs and domestic mutual fund may be remitted outside India or credited to the foreign currency account or a SNRR account of the FPI. -

LEC(FII):

-

28.7 Reporting Requirements specified by RBI

Para 28.7 13.276

FOREIGN EXCHANGE MANAGEMENT MANUAL WITH FEMA AND FDI READY RECKONER & FEMA CASE LAWS DIGEST

Set of 2 Volumes

AUTHOR : TAXMANN'S EDITORIAL BOARD

PUBLISHER : TAXMANN

DATE OF PUBLICATION : JULY 2023

EDITION : 42nd Edition

ISBN NO : 9789357781923

NO. OF PAGES : 3174

BINDING TYPE : PAPERBACK

DESCRIPTION

Rs.6695 USD 145

This unique book presents all aspects of the foreign exchange laws in India, including:

• Foreign Exchange Management Act (FEMA)

• Rules & Regulations under FEMA

• Notifications issued under FEMA

• Master Directions updated till date

• Memorandum of Instructions

• Law Relating to Foreign Contributions

• Law Relating to Prevention of Money Laundering

• Foreign Direct Investments

• Allied Acts/Rules & Guidelines

• FEMA & FDI Ready Reckoner on 50+ Topics

• FEMA Case Law Digest covering Section-wise digest of judgements of Supreme Court/High Courts & ATFE

• RBI's Circulars & Clarifications

ORDER NOW

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