Allocation limits for FII government-debt investments capped per entity; bidding and FCFS processes with fees and non-utilisation charge. Unutilized Government debt long-term limits will be allocated to FIIs via a bidding process and an FCFS process. The bidding process on the BSE imposes a per-entity cap of INR 600 crore, a minimum bid of INR 100 crore, and a minimum tick size of INR 50 crore, with custodians remitting fees by a set date. Remaining limits are allocated FCFS via a dedicated email window subject to a per-request cap and a non-utilisation charge equal to the average successful bid premium; custodians must remit that charge within three working days after the utilization period.
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.
Allocation limits for FII government-debt investments capped per entity; bidding and FCFS processes with fees and non-utilisation charge.
Unutilized Government debt long-term limits will be allocated to FIIs via a bidding process and an FCFS process. The bidding process on the BSE imposes a per-entity cap of INR 600 crore, a minimum bid of INR 100 crore, and a minimum tick size of INR 50 crore, with custodians remitting fees by a set date. Remaining limits are allocated FCFS via a dedicated email window subject to a per-request cap and a non-utilisation charge equal to the average successful bid premium; custodians must remit that charge within three working days after the utilization period.
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