FPI maturity rule: SRs by ARCs exempt from residual maturity restriction, subject to overall corporate debt limits. The minimum residual maturity restriction for FPI investment in corporate bonds does not apply to security receipts issued by Asset Reconstruction Companies; such investments must, however, remain within the overall corporate debt limit. All other conditions for FPI debt-market investment remain unchanged, the clarification is effective immediately, and further operational guidelines may be issued by the securities regulator.
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.
FPI maturity rule: SRs by ARCs exempt from residual maturity restriction, subject to overall corporate debt limits.
The minimum residual maturity restriction for FPI investment in corporate bonds does not apply to security receipts issued by Asset Reconstruction Companies; such investments must, however, remain within the overall corporate debt limit. All other conditions for FPI debt-market investment remain unchanged, the clarification is effective immediately, and further operational guidelines may be issued by the securities regulator.
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