FPI investment in non-convertible preference shares permitted, counted against corporate debt limits and allowed on repatriation basis. Permitting Foreign Portfolio Investors (FPIs) to invest on a repatriation basis in non-convertible, redeemable preference shares and debentures of Indian companies listed on recognised exchanges, where such securities may be issued to non-resident holders as bonus under a court-approved scheme subject to tax authority no-objection; such FPI investments are to be reckoned against the Corporate Debt Investment Limit.
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 investment in non-convertible preference shares permitted, counted against corporate debt limits and allowed on repatriation basis.
Permitting Foreign Portfolio Investors (FPIs) to invest on a repatriation basis in non-convertible, redeemable preference shares and debentures of Indian companies listed on recognised exchanges, where such securities may be issued to non-resident holders as bonus under a court-approved scheme subject to tax authority no-objection; such FPI investments are to be reckoned against the Corporate Debt Investment Limit.
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