FPI investment limits reaffirmed for corporate bonds and interim treatment for government securities pending revised limits. The Reserve Bank confirmed FPI investment rules for FY 2021 22: the corporate bond cap remains at 15% of outstanding stock and rounded revised corporate bond ceilings for the year are provided. Revised limits for Central Government securities and State Development Loans will be advised separately and, until then, existing G Sec and SDL ceilings continue to apply. Authorized Dealer Category I banks must inform their constituents. Directions are issued under the Foreign Exchange Management Act, 1999.
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.
FPI investment limits reaffirmed for corporate bonds and interim treatment for government securities pending revised limits.
The Reserve Bank confirmed FPI investment rules for FY 2021 22: the corporate bond cap remains at 15% of outstanding stock and rounded revised corporate bond ceilings for the year are provided. Revised limits for Central Government securities and State Development Loans will be advised separately and, until then, existing G Sec and SDL ceilings continue to apply. Authorized Dealer Category I banks must inform their constituents. Directions are issued under the Foreign Exchange Management Act, 1999.
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 
