FII investment limits in Upper Tier II instruments set with separate cap, allocations, and approval-triggering threshold. A separate capped framework governs FII investments in Upper Tier II instruments: investments are excluded from the general corporate debt ceiling but fall under a distinct aggregate limit allocated between 100% debt FIIs and general 70:30 FIIs/sub-accounts. A reserved headroom allows general 70:30 FIIs/sub-accounts to invest up to that threshold without approvals; beyond it, allocations follow the Board's established approval procedure. The Board may withdraw unused allocations to satisfy demand, and custodians must notify FII clients.
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 investment limits in Upper Tier II instruments set with separate cap, allocations, and approval-triggering threshold.
A separate capped framework governs FII investments in Upper Tier II instruments: investments are excluded from the general corporate debt ceiling but fall under a distinct aggregate limit allocated between 100% debt FIIs and general 70:30 FIIs/sub-accounts. A reserved headroom allows general 70:30 FIIs/sub-accounts to invest up to that threshold without approvals; beyond it, allocations follow the Board's established approval procedure. The Board may withdraw unused allocations to satisfy demand, and custodians must notify FII clients.
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