FII investment sub-ceilings separation confirmed; corporate and government debt limits treated separately with allocation and rollover restrictions. The circular confirms distinct, non fungible sub ceilings for Government and corporate debt applicable to FIIs under both 100% debt and 70:30 routes. No further investment or rollover in corporate debt is permitted until total corporate holdings fall within the corporate debt sub ceiling; redeemed corporate debt may be reallocated to Government debt, and Government debt investments by 100% debt FIIs/Sub Accounts are limited to their unutilized notified limits. FIIs/Sub Accounts exceeding allocated limits must refrain from fresh investments or rollovers until compliant.
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 sub-ceilings separation confirmed; corporate and government debt limits treated separately with allocation and rollover restrictions.
The circular confirms distinct, non fungible sub ceilings for Government and corporate debt applicable to FIIs under both 100% debt and 70:30 routes. No further investment or rollover in corporate debt is permitted until total corporate holdings fall within the corporate debt sub ceiling; redeemed corporate debt may be reallocated to Government debt, and Government debt investments by 100% debt FIIs/Sub Accounts are limited to their unutilized notified limits. FIIs/Sub Accounts exceeding allocated limits must refrain from fresh investments or rollovers until compliant.
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