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of <h1>SEBI Circular: FIIs Must Adhere to Corporate Bond Limits for Security Receipts by Asset Reconstruction Companies Per FDI Policy.</h1> The circular issued by SEBI on July 9, 2013, addresses Foreign Institutional Investors (FIIs) regarding their investments in Security Receipts issued by Asset Reconstruction Companies. It stipulates that such investments must adhere to the FII limits on corporate bonds as outlined in the consolidated FDI policy effective from April 5, 2013. These investments will be counted against existing Corporate Debt Limits and must comply with the Reserve Bank of India's terms and conditions. The circular, effective immediately, aims to protect investor interests and regulate the securities market under SEBI's authority.
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