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TMI BlogPermission for purchase of shares by certain persons resident outside IndiaX X X X Extracts X X X X X X X X Extracts X X X X ..... ndian company under Foreign Direct Investment Scheme, subject to the terms and conditions specified in Schedule 1. Explanation: Shares or convertible debentures containing an optionality clause but without any option/right to exit at an assured price shall be reckoned as eligible instruments to be issued to a person resident outside India by an Indian company subject to the terms and conditions as specified in Schedule I.] 9 [(ii) Notwithstanding anything contained in sub-regulation (i) above, a person who is a citizen of Bangladesh or an entity incorporated in Bangladesh may, with the prior approval of the Foreign Investment Promotion Board of the Government of India, purchase 29 [shares or convertible debentures or warrants] of an Indian ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r to registration as RFPI shall continue to be valid and taken into account for computation of aggregate limit. ] 2 [(***)] 15 [***] 21 [(2A) A registered Foreign Portfolio Investor (RFPI) may purchase shares or convertible debentures of an Indian company under the Foreign Portfolio Investment (FPI) Scheme subject to the terms and conditions specified in Schedule 2A and the limits and margin requirements prescribed by RBI/ SEBI as well as the stipulations regarding collateral securities as specified by the Reserve Bank from time to time.] 33 [(3) (i) A Non- Resident Indian (NRI) may acquire securities or units on a Stock Exchange in India on repatriation basis under the Portfolio Investment Scheme, subject to the terms and conditions specif ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o time out of INR funds held in India on non-repatriable basis subject to the limits prescribed by SEBI. Such investments will not be eligible for repatriation benefits.] 18 [(7A) A QFI may purchase equity shares of an Indian company subject to the terms and conditions specified in Schedule 8.] 24 [However, a QFI may continue to buy, sell or otherwise deal in securities for a period of one year from the date of commencement of Securities Exchange Board of India (SEBI) (Foreign Portfolio Investors) Regulations, 2014, or until it obtains a certificate of registration as foreign portfolio investor, whichever is earlier. Further, a QFI after registering as a RFPI, shall not be eligible to invest as QFI. However, all investments made by QFI, in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EBI guidelines, may contribute foreign capital either by way of capital contribution or by way of acquisition / transfer of profit shares in the capital structure of an LLP under Foreign Direct Investment, subject to the terms and conditions as specified in Schedule 9 ] 32 [(10) A person resident outside India (other than an individual who is citizen of or any other entity which is registered/incorporated in Pakistan or Bangladesh), including an Registered Foreign Portfolio Investor (RFPI) or a non-resident Indian (NRI) may acquire, purchase, hold, sell or transfer units of an Investment Vehicle, in the manner and subject to the terms and conditions specified in Schedule 11.] ------------------- Note : 1. Sub-regulation (5) has been added v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vide Notification No. 167/2007 dated 23/10/2007 10. Has been substituted vide Notification No. 166/2007 dated 17/10/2007 before it was read as, A non-resident Indian [****] or a registered FII may purchase securities, other than shares or convertible debentures of an Indian company, subject to the terms and conditions specified in Schedule 5. 11. Has been substituted vide Notification No. 179/2008 dated 22/08/2008 w.e.f. 31-12-2007, before substitution it was read as under [as inserted vide Notification No. 085/2003 dated 17/1/2003 ] A registered Foreign Institutional Investor (FII) having valid approval under FERA, 1973 or under FEMA 1999 may trade in all exchange traded derivative contracts approved by SEBI from time to time subject to t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... une 30, 2014 , before it was read as, 9 [(i)A person resident outside India (other than a citizen of Bangladesh or Pakistan) 7 [or an entity incorporated outside India,] (other than an entity in Bangladesh or Pakistan) , may purchase shares or convertible debentures of an Indian company under Foreign Direct Investment Scheme, subject to the terms and conditions specified in Schedule 1.] 16 [Further, shares or convertible debentures containing an optionality clause but without any option/right to exit at an assured price shall be reckoned as eligible instruments to be issued to a person resident outside India by an Indian company subject to the terms and conditions as specified in Schedule I .] 29. Substituted vide Notification No. FEMA. 308 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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