Supreme Court: VAT is Not Applicable on Reliance’s Inter-State Gas Supply from KG Basin to UP || Supreme Court: Co-Owner Can File Eviction Suit as Landlord under Bombay Rent Act || Supreme Court: Mediclaim Reimbursement Cannot be Set off Against Accident Compensation || SC: Hindu Succession Act 2005 Amendment Does Not Curtail Daughters’ Existing Inheritance Rights || SC: Loans May be Treated as Deposits under MPID Act, Private Individuals as Financial Establishments || Supreme Court: Preventive Detention Unwarranted When Ordinary Law Suffices to Maintain Order || Supreme Court: Tenant’s Defence Cannot be Struck off Without Checking Wilful Rent Default || Allahabad High Court: Disposing Non-Veg Food in Ganga May Hurt Hindu Religious Sentiments || J&K&L High Court: Similarity With Police Dossier Alone Not Enough to Quash Preventive Detention || Patna High Court: Convict on Bail Can Still Seek Premature Release

Investment by Foreign Portfolio Investors in Corporate Bonds- (Reserve Bank of India) (26 Nov 2015)

MANU/APDR/0090/2015

Banking

The Reserve Bank of India has permitted Foreign Portfolio Investors to acquire NCDs/bonds which are under partial or full default of repayment of principal. The revised maturity period of such instruments, restructured on negotiation, should be three years or more. However, investment will be limited to the overall limit prescribed for corporate debt, and existing conditions for investment by FPIs will apply.

Relevant : Foreign investment in India by Foreign Portfolio Investors MANU/APDR/0017/2015

Tags : FOREIGN PORTFOLIO INVESTORS CORPORATE BONDS DEFAULT

Share :