Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The Reserve Bank of India has issued a circular (RBI/2024-25/27) regarding investment limits for Foreign Portfolio Investors (FPIs) in debt instruments and Credit Default Swaps. The circular references various previous directives and sets the investment limits for the financial year 2024-25. The limits for FPI investment in government securities, state government securities, and corporate bonds remain unchanged. The circular also specifies the allocation of incremental changes in limits and sets out revised investment limits for different categories for the year 2024-25. Additionally, the circular sets an aggregate limit for the notional amount of Credit Default Swaps sold by FPIs. Authorized Dealer Category-I banks are instructed to inform their constituents about the circular. The circular is issued u/s 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
The Reserve Bank of India has issued a circular (RBI/2024-25/27) regarding investment limits for Foreign Portfolio Investors (FPIs) in debt instruments and Credit Default Swaps. The circular references various previous directives and sets the investment limits for the financial year 2024-25. The limits for FPI investment in government securities, state government securities, and corporate bonds remain unchanged. The circular also specifies the allocation of incremental changes in limits and sets out revised investment limits for different categories for the year 2024-25. Additionally, the circular sets an aggregate limit for the notional amount of Credit Default Swaps sold by FPIs. Authorized Dealer Category-I banks are instructed to inform their constituents about the circular. The circular is issued u/s 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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