Supreme Court: Promotion Suitability Must be Decided by Experts, Courts Cannot Create New Methods || SC: Market Integrity is Paramount; Rule Violators Cannot Escape Liability by Citing Investor Gains || SC: Plaintiff's Reply to Counterclaim in Commercial Suits Must Meet Written Statement Deadline || SC: Pre-2016 Debt Recovery Tribunal Recovery Certificates Cannot Support Insolvency Notices || SC: Children's Court Cannot Try Child as Adult Without Passing a Reasoned Order under JJ Act || SC: Contractual Clauses Denying Interest on Security Deposits Does Not Violate Public Policy || J&K&L HC: Unamended Pleading Loses Effect After Amendment; Party Cannot Benefit From Own Default || Allahabad HC: Wife's Maintenance Need Not be Fixed at 25% of Husband's Net Income || Kerala HC: Social Customs Alone Cannot Prove Bride Entrusted Gold to Husband or In-Laws || Karnataka HC: Century Club Qualifies as a Public Authority under the RTI Act Due to Land Grant

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 :