FII debt allocation auctions: monthly schedule with bidding caps, minimum tick and utilisation windows governing allocations. FII debt limits are to be allocated by monthly auctions on the 20th (or next working day) based on prior month free limits; auctions occur when free limit in a debt category exceeds the prescribed threshold. Bidding runs for two hours under existing SEBI pricing and allocation rules; single entity allocation is limited by a cap or one tenth of free limit, with a fixed minimum bid size and tick. Auctions will alternate between the two principal exchanges, exchanges will govern authentication and multiple bids, custodians remit auction fees to SEBI promptly, and category specific utilisation windows apply as per prior SEBI guidance.
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.
FII debt allocation auctions: monthly schedule with bidding caps, minimum tick and utilisation windows governing allocations.
FII debt limits are to be allocated by monthly auctions on the 20th (or next working day) based on prior month free limits; auctions occur when free limit in a debt category exceeds the prescribed threshold. Bidding runs for two hours under existing SEBI pricing and allocation rules; single entity allocation is limited by a cap or one tenth of free limit, with a fixed minimum bid size and tick. Auctions will alternate between the two principal exchanges, exchanges will govern authentication and multiple bids, custodians remit auction fees to SEBI promptly, and category specific utilisation windows apply as per prior SEBI guidance.
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 
