Can companies buy SGB from the secondary market?

[Pai]

Buying SGB in secondary market

As per reply from [email protected], person resident in India as defined under Foreign Exchange Management Act 1999 are eligible to invest in SGB - [Mail-Reply] * Link to form referenced in the above email As per the Foreign Exchange Management Act, 1999 (FEMA) (Page 4-5), a company is also considered as a person and can be considered to be a “person resident in India” if it is incorporated in India (for more information, refer to this) - [Page4-5]

This was answered here ^