Supreme Court Flags Excess Records as Cause of Delays in Corruption Case Prosecutions || Supreme Court: Outgoing Partner’s Share Valued on Assessment Date, Not Dissolution Date || Supreme Court Acquits Two Murder Convicts, Finds Prosecution Story Suspicious || SC Restores SEBI Fraud Proceedings against Vedanta over 2014 Share Buyback || CCI Rejects Kerala Private Bus Operators’ Challenge to Free KSRTC Travel for Women || Chhattisgarh HC: Sharia Body can't Decide Muslim Woman's Marital Status or End Marriage || MP High Court: Adult Woman Can Become Jain Saadhvi Despite Parents’ Opposition || MP High Court Quashes 70%-80%-90% Pay Rule for Class III, IV Staff during Probation || SC: Pre-2015 NH Act Awards Must Follow 1894 Act for Solatium and Interest || SC: Service Rendered Before Regularization Must Be Counted for Pension Benefits

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 :