Hedging facilities for FPIs expanded to permit coupon-receipt hedging for debt investments, subject to rebooking restrictions. FPIs may hedge currency risk on the market value of their entire Indian equity and debt investments through AD Category I banks, and may hedge coupon receipts on debt securities due within the next twelve months, subject to a prohibition on rebooking cancelled hedge contracts while permitting rollovers on maturity if the coupon remains unpaid.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Hedging facilities for FPIs expanded to permit coupon-receipt hedging for debt investments, subject to rebooking restrictions.
FPIs may hedge currency risk on the market value of their entire Indian equity and debt investments through AD Category I banks, and may hedge coupon receipts on debt securities due within the next twelve months, subject to a prohibition on rebooking cancelled hedge contracts while permitting rollovers on maturity if the coupon remains unpaid.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
