DETERMINATION OF DEBT INSTRUMENTS UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999
RBI UPDATE Date:-.16th October,2019 DETERMINATION OF DEBT INSTRUMENTS UNDER FOREIGN EXCHANGE MANAGEMENT ACT, 1999 1.The following instruments as debt instruments, namely:— (i) Government bonds; (ii) corporate bonds; (iii) All tranches of securitisation structure which are not equity tranche; (iv) Borrowings by Indian firms through loans; (v) Depository receipts whose underlying securities are debt securities. 2.Instruments specified below shall be considered as non-debt instruments, namely:- (i) all investments in equity in incorporated entities (public, private, listed and unlisted); (ii) capital participation in Limited Liability Partnerships (LLPs); (iii) all instruments of investment as recognised in the FDI policy as notified from time to time; (iv) investment in units of Alternative Investment Funds (AIFs) and Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InVITs); (v) investment in units of mutual funds and Exchange-Traded...