Re-investment period for FII debt limits withdrawn; existing holders get time-limited transitional reinvestment subject to thresholds. Re-investment period for FII/sub-account debt limits is withdrawn for all new allocations: limits acquired henceforth will lapse on sale or redemption and be reallocated by subsequent bidding. Existing holders retain reinvestment rights only until either specified sales from their current portfolio breach a defined multiple of portfolio size as at the circular date or a two-year cutoff, after which sales/redemptions will cause limits to lapse and require reallocation. Long-term infrastructure debt has parallel rules including lock-in transfer options and time-limited transfer/redemption flexibilities.
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.
Re-investment period for FII debt limits withdrawn; existing holders get time-limited transitional reinvestment subject to thresholds.
Re-investment period for FII/sub-account debt limits is withdrawn for all new allocations: limits acquired henceforth will lapse on sale or redemption and be reallocated by subsequent bidding. Existing holders retain reinvestment rights only until either specified sales from their current portfolio breach a defined multiple of portfolio size as at the circular date or a two-year cutoff, after which sales/redemptions will cause limits to lapse and require reallocation. Long-term infrastructure debt has parallel rules including lock-in transfer options and time-limited transfer/redemption flexibilities.
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