Monday , May 25, 2026 |   07:56:21 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - Functional dissimilarity and variation in business segment calls for exclusion of comparable: ITAT (See Breaking News) TP - DRP process forms part of assessment proceedings and does not displace outer limitation prescribed by section 153: ITAT (See Breaking News) TP – If comparable is already accepted by TPO and such acceptance is upheld by CIT (A), then Revenue cannot seek its exclusion on ground that it is functionally not comparable: ITAT (See Breaking News) I-T - Buy-back amounted to transfer of shares within same corporate group and qualified as corporate reorganization under Article 13(5) of Indo Netherland Treaty: ITAT (See Breaking News) I-T – If borrowed funds are used for expansion or extension of business, including through acquisition of entity in same line of business, interest may be allowable u/s 36(1)(iii): ITAT (See Breaking News) I-T - Sections 144C and 153 are mutually inclusive and period of limitation for passing final assessment order u/s 144C(13) has to be determined with reference to sec 144C r/w/s 153: ITAT (See Breaking News) DTAA - Benefit of FTC u/s 90 r/w applicable DTAA cannot be denied merely on account of delay in filing Form 67 when taxes have actually been paid abroad: ITAT (See Breaking News) I-T - Sections 144C & 153 are inter-dependent; overall time limit prescribed u/s 153 applies to completion of entire assessment, including DRP proceedings & passing of final assessment order: ITAT (See Breaking News) I-T - Time-limit prescribed u/s 153 has to be adhered to and both Section 144C and 153 are mutually inclusive & interdependent: ITAT (See Breaking News) I-T - If notice issued by AO u/s 148 is barred by limitation as per mandate of ‘first proviso' to Sec 149, consequential assessment order passed on basis of same u/s 147 r.w.s 144 is to be quashed: ITAT (See Breaking News) DTAA - Collating & providing access to information already available in public domain databases relating to properties situated in US does not entail transfer of specialised commercial experiece, know-how or technical expertise; fee received therefor not Royalty: ITAT (See Breaking News) DTAA - Income from technical handling services is not taxable in India as it is covered under Art 8(2) r/w Art 8(1) of Indo France Treaty: ITAT (See Breaking News) Real household income grows in Q4 in OECD area (See TII Brief) TP - Amortization of goodwill arising out of merger & acquisition is extraordinary, non-recurring item not arising from normal business operations; cannot be treated as an operating expense for computation ofprofit level indicator: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >>
 

Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India
By TII
Dec 28, 2016 , Mumbai

    

A P (DIR Series)

CIRCULAR NO

23/RBI, Dated: December 27, 2016

To

All Category - I Authorised Dealer Banks

Purchase and sale of securities other than shares or convertible debentures of an Indian company by a person resident outside India

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 (the Principal Regulations) notified vide Notification No. FEMA.20/2000-RB dated May 3, 2000, as amended from time to time, in terms of which, eligible investors, viz., SEBI registered Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFIs), registered Foreign Portfolio Investors (FPIs) and long term investors registered with SEBI, may purchase securities indicated in Schedule 5 on repatriation basis and subject to such terms and conditions as may be specified by the SEBI and the Reserve Bank from time to time.

2. With a view to providing flexibility in regard to the manner in which non-convertible debentures/bonds issued by Indian companies can be acquired by FPIs, it has now been decided to allow them to transact in such instruments either directly or in any manner as per the prevalent/approved market practice.

3. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers.

4. 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 / approvals, if any, required under any other law.

RBI/2016-17/197

(T Rabi Sankar)
Chief General Manager

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAA
  • Circulars (I-T Act, 1922)
  • Limited Treaties
  • Other Treaties
  • TIEAs
  • Notifications
  • Circulars
  • Relevant Sections of I-T Rules,1962
  • Instructions
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • MLI
  • Relevant Portion of I-T Act,1922
  • GAAR
  • MAP
  • OECD Conventions
  • Draft Guidelines
  • DTC Bill
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • UN Model Taxation
  • Miscellaneous
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • APA Annual Report
  • APA Rules
  • Miscellaneous
  • Relevant Sections of Act
  • Instructions
  • Circulars
  • Notifications
  • Draft Notifications
  • Forms
  • TP Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • FDI Circulars
  • RBI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • INTELLECTUAL PROPERTY
  • CBR Act
  • NBFC Report
  • Black Money Act
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • Multimodal Transportation
  • Vienna Convention
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • MCA Circular
  • Limitation Act
  • Type of Visa
  • SSAs
  • EPFO
  • Acts
  • FAQs
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifications
  • Arbitration
  • Model Text
  • Agreements
  • Relevant Portion of I-T Act
  • I-T Rules, 1962
  • Circulars
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2025 | Privacy Policy | Taxindiainternational.com Pvt. Ltd. OPC All rights reserved.