Central Government hereby declares “onshore rupee bonds” issued by multilateral institutions like the Asian Development Bank and the International Finance Corporation as ‘securities’. - S.O. 1978(E) - SEBI
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Onshore rupee bonds declared securities, bringing multilateral institution issues within securities regulation. Central Government declares that onshore rupee bonds issued by multilateral development institutions qualify as securities within the meaning of Section 2(h) of the Securities Contracts (Regulation) Act, 1956, thereby bringing those instruments within the regulatory scope applicable to securities.
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Central Government declares that onshore rupee bonds issued by multilateral development institutions qualify as securities within the meaning of Section 2(h) of the Securities Contracts (Regulation) Act, 1956, thereby bringing those instruments within the regulatory scope applicable to securities.
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