Supreme Court: Issues of Party Capacity and Maintainability Must Be Decided by Arbitral Tribunal || Supreme Court: Omissions in Chief Examination Can Be Rectified During Cross-Examination || Supreme Court: Items Given by Accused to Police Are Not Section 27 Recoveries under Evidence Act || Gujarat High Court: Waqf Institutions Must Pay Court Fees When Filing Disputes in State Tribunal || Allahabad High Court: Law Treats All Equally, State Cannot Gain Undue Benefit from Delay Condonation || SC: SARFAESI Act Was Not Applicable in Nagaland Before its 2021 Adoption, Dismisses Creditor’s Plea || SC: Lis Pendens Applies To Money Suits on Mortgaged Property, Including Ex Parte Proceedings || Kerala HC: Civil Courts Cannot Grant Injunctions in NCLT Matters and Such Orders Can Be Set Aside || Bombay High Court: Technical Breaks to Temporary Employees Cannot Deny Maternity Leave Benefits || NCLAT: Appellate Jurisdiction Limited to Orders Deciding Parties’ Rights, Not Procedural Directions

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 :