SC: Statutory Authorities may Intervene When Housing Societies Delay Membership Decisions || SC: Quasi-Judicial Authorities Cannot Exercise Review Powers Unless Expressly Granted By Statute || SC: Special Court Cannot Order Confiscation While Appeal Against Attachment Confirmation is Pending || SC: Photocopies are Not Evidence Unless Conditions for Leading Secondary Evidence are Proved || Calcutta HC: Conviction under Essential Commodities Act Invalid if Stock Measured With a 'Stick' || Kerala High Court: Universities Must Regulate Student Political Activities to Curb Campus Violence || Calcutta HC: Accused Has No Right on Investigation Mode or Impleadment in Probe Writ || Gauhati HC: POCSO Probes Must be Child-Friendly, With Sensitized Investigators to Ensure Clear Truth || Kerala HC: Orders Barring Disclosure of Witness Statements Must State Reasons For Each Witness || SC: Hard to Believe Married Woman Was Lured Into Sex by False Marriage Promise; Case Quashed

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 :