Friday , November 6, 2026 |   04:54:24 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Newsletters
 
NEWS FLASH
 
TP - Uploading DRP directions on ITBA portal constitutes valid communication - mandatory one-month period u/s 144C(13) for completing assessment must be reckoned from end of month in which directions are received: ITAT (See Breaking News) I-T - Indian AE do not constitutes Dependent Agent PE of assessee in India under Article 5(5) of India-Switzerland DTAA, if AE does not habitually exercise authority to negotiate and conclude contracts on behalf of assessee: ITAT (See Breaking News) I-T - Compensation paid pursuant to out-of-court settlement is not hit by Explanation 1 to Sec 37(1): ITAT (See Breaking News) TP - Since clause (i) of section 92BA having been omitted by Finance Act, 2017 without any saving clause, any transfer pricing adjustment & reference to TPO made under the omitted clause, is non est in law: ITAT (See Breaking News) TP - LIBOR is appropriate rate of interest for benchmarking foreign currency loans advanced by assessee to its 100% subsidiaries, without any ad hoc mark-up: ITAT (See Breaking News) DTAA - In-house support involving coordination for bug-fixing, involves transfer of technology or technical know-how does not satisfy make available clause - consideration for such activity not Fees for Technical Services: ITAT (See Breaking News) I-T - Reimbursements of IT infrastructure & common software costs, salary expenses and travel expenses are of nature of cost-to-cost recharges without any profit element & do not constitute Fees for Technical Services liable to TDS u/s 195: ITAT (See Breaking News) TP - Fully & compulsorily convertible debentures remain hybrid instruments that function as debt until they are actually converted into equity shares: ITAT (See Breaking News)
 
TII SEARCH
 
 
   
Home >>
 

'Fully Accessible Route' for Investment by Non-residents in Government Securities
By TII News Service
Mar 31, 2020 , New Delhi

    

A.P. (DIR Series)

CIRCULAR NO

25/Dated: March 30, 2020

To

All Authorized Persons

'Fully Accessible Route' for Investment by Non-residents in Government Securities

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the following regulations / directions, as amended from time to time, and the relevant directions issued thereunder:

(i) Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019 (hereinafter, Debt Regulations);

(ii) The A.P. (DIR Series) Circular No. 31 dated June 15, 2018 read with A.P. (DIR Series) Circular No. 18 dated January 23, 2020; and

(iii) The directions FMRD.FMSD.No.25/14.01.006/2019-20 dated March 30, 2020 issued today (hereinafter, FAR Directions).

2. A reference is also invited to the announcement made in the Union Budget 2020-21 that certain specified categories of Central Government securities would be opened fully for non-resident investors without any restrictions, apart from being available to domestic investors as well. Accordingly, it has been decided, in consultation with the Government of India, to introduce a separate route viz., Fully Accessible Route (FAR) for investment by non-residents in securities issued by the Government of India. The details of the scheme are attached (see Annex).

3. These directions shall come into effect from April 1, 2020.

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/2019-20/200]

(Dimple Bhandia)
General Manager-in-Charge

 
 
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.