Investment by International Financial Institutions in Govt. Securities

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..... in Foreign Exchange Madam/Sir, Investment by International Financial Institutions in Govt. Securities Attention of Authorised Dealers is invited to paragraphs 1 and 2 of Schedule 5 to Notification No. FEMA 20/2000-RB dated May 3, 2000 as amended from time to time whereby, FIIs and NRIs have been allowed to purchase Govt. Securities on repatriation basis without limit. 2. As part of meas .....

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..... agement Act (Transfer or issue of Security by a Person Resident outside India) Regulations, 2000 has been made vide Notification No. FEMA.106/2003-RB dated October 27, 2003 (copy enclosed). 4. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned. 5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of .....

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