Delhi HC: Saying “Maro Sale Ko” During a Fight Alone Does Not by Itself Establish Intent to Kill || Delhi HC Ordered Removal of Fake News About Judges’ London Badminton Event, Restrained its Sharing || Bombay HC: Calling Police over Routine Transfers or External Complaints is Misconduct || Delhi HC Upheld EC’s Decision Banning Political Ads in the Delhi Metro During Model Code of Conduct || Delhi HC: In the Telegram Case Entire Social Media Platforms Can Be Blocked U/S 69A of the IT Act || Supreme Court: Pedestrians' Right to Footpaths Cannot be Overridden by Motorists || Supreme Court: Financier Cannot Seek Insurance For a Vehicle Surrendered by its Owner || Madhya Pradesh High Court: Victims Must be Given a Hearing Even Before Closure Report Rejection || Delhi HC: Payment of ‘Pagri’ Does Not Render Tenancy Non-Terminable, Allowing Eviction || Ker HC Examined Whether Electro-Homeopathy Can be Practised Without Registration under Medical Laws

Permitting Foreign Portfolio Investors (FPI) to invest in Municipal Bonds- (Securities and Exchange Board of India) (08 May 2019)

MANU/SIPM/0002/2019

Capital Market

1. RBI vide A.P. (DIR Series) Circular No. 33 dated April 25, 2019 has permitted FPIs to invest in municipal bonds.

2. It is decided that in accordance with the provisions of Regulation 21(1)(p) of SEBI (Foreign Portfolio Investors) Regulations, 2014, FPIs are, henceforth, permitted to invest in municipal bonds.

3. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.

4. A copy of this circular is available at the web page "Circulars" on our website. Custodians are requested to bring the contents of this circular to the notice of their FPI clients.

Tags : PERMISSION FPI MUNICIPAL BONDS

Share :