Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
Foreign Portfolio Investor limits for FY 2026-27 in debt instruments are kept at 6% for G-Secs, 2% for SGSs and 15% for corporate bonds under the General Route, with the G-Sec incremental increase retained on a 50:50 split between General and Long-term sub-categories. The entire incremental increase in SGS limits is placed in the General sub-category, specified securities continue to be reckoned under the Fully Accessible Route, and investments under the Voluntary Retention Route are brought within the General Route limits from 1 April 2026. The circular also fixes the aggregate notional amount of Credit Default Swaps sold by FPIs at 5% of outstanding corporate bonds and withdraws the earlier 2025-26 circular.
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