FPI maturity requirement: future corporate debt investments must have a minimum three-year residual maturity; sales to domestic investors permitted. Future FPI investments within the corporate debt limit must be made in corporate bonds with a minimum residual maturity of three years; FPIs are not permitted to invest in liquid and money market mutual fund schemes; there is no lock-in period and FPIs are free to sell securities, including those presently held with less than three years residual maturity, to domestic investors; custodians must notify their FPI clients.
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 requirement: future corporate debt investments must have a minimum three-year residual maturity; sales to domestic investors permitted.
Future FPI investments within the corporate debt limit must be made in corporate bonds with a minimum residual maturity of three years; FPIs are not permitted to invest in liquid and money market mutual fund schemes; there is no lock-in period and FPIs are free to sell securities, including those presently held with less than three years residual maturity, to domestic investors; custodians must notify their FPI clients.
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 
