Supreme Court: Past Ad Hoc Service Counts for Pension, Not Seniority Against Direct Recruits || SC: CPC Amendment Allowed When New Facts and Reliefs Directly Relate to Existing Dispute || SC: Governing Law Clause Relevant to Determine Arbitral Seat When Two Venues Are Named || Supreme Court: Section 161 CrPC Statements Can Be Considered at Cognizance Stage, Not at Trial || Bombay High Court Directs Release of Protesters Held over Anti-ECI Agitations || Kerala High Court Orders State to Pay Rs. 21,000 Post-Surgery Assistance to Transgender Person || Madras High Court: DVAC Not Entitled to Blanket RTI Exemption in Corruption Cases || Karnataka High Court Strikes Down Enhanced SC/ST Quota for Breaching 50% Reservation Cap || Delhi HC: First-Come, First-Served Policy for Ramleela Ground Allotment is Unfair || Kerala HC Upholds Automatic Revocation of Christian Wills on Marriage under S.69 Succession Act

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 :