Investment by Foreign Portfolio Investors (FPI) in Debt - Review

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..... s is invited to Schedule 5 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2017 notified vide Notification No. FEMA 20(R)/2017-RB dated November 07, 2017 , as amended from time to time and the relevant directions issued thereunder. A reference is also invited to AP (DIR Series) Circular No. 22 dated April 6, 2018 , AP (DIR .....

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..... nt outside India) Regulations, 2017 ( Notification No. FEMA 20(R)/2017-RB dated November 07, 2017 ) have been notified by the Government on April 18, 2019 and are annexed to this circular. 7. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions .....

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