P&H High Court: Re-Investigation Cannot Nullify Existing Acquittal Despite Breach of Stay Order || Gujarat HC: Illegal Mining Vehicle Complaints Must Be Filed Before Sessions Court, Not Magistrate || Delhi High Court Lays Down Registry Directions for Dealing with Insufficiently Stamped Arbitral Award || Delhi High Court: Victims Need No Leave to Appeal Acquittal or Conviction for Lesser Offence || SC: Limitation Act Inapplicable to Revisions under Karnataka Land Revenue Act || SC: Banks Can Invoke SARFAESI for Loans Acquired from NBFCs Outside the Act || SC: Gujarat Prohibition Act Does not Bar Interim Seized Vehicle Release || Supreme Court Quashes Rs. 425-Crore Customs Penalty Based on AI-Generated Fake Case Laws || SC: Guilt cannot be Presumed Solely Due to Collusion Allegations against Investigating Officer || SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings

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 :