https://www.taxtmi.com/circulars?id=2158 Permission is granted for FIIs registered with SEBI and NRIs to subscribe to bank-issued Perpetual Debt instruments qualifying as Tier I capital and to debt instruments qualifying as upper Tier II capital, subject to class-specific investment ceilings (FIIs: aggregate 49% and 10% per FII for Tier I; NRIs: aggregate 24% and 5% per NRI for Tier I), adherence to SEBI and extant NRI debt policies for Tier II, issuer compliance at time of issue, and reporting and custodial daily reporting requirements to the Reserve Bank of India. en-us Wed, 25 Jan 2006 00:00:00 +0530 Fri, 03 Oct 2008 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2158 Permission is granted for FIIs registered with SEBI and NRIs to subscribe to bank-issued Perpetual Debt instruments qualifying as Tier I capital and to debt instruments qualifying as upper Tier II capital, subject to class-specific investment ceilings (FIIs: aggregate 49% and 10% per FII for Tier I; NRIs: aggregate 24% and 5% per NRI for Tier I), adherence to SEBI and extant NRI debt policies for Tier II, issuer compliance at time of issue, and reporting and custodial daily reporting requirements to the Reserve Bank of India. Circulars FEMA Wed, 25 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2158