https://www.taxtmi.com/circulars?id=2692 Only instruments that are fully and mandatorily convertible into equity within a specified timeframe will be treated as equity under the FDI framework; optionally or partially convertible instruments that are debt like are excluded. FIIs may continue to invest in listed non convertible debentures under existing rupee debt norms. Issuances and investments in partially/optionally convertible instruments made on or before the cutoff date may continue until maturity. Amendments to the foreign exchange regulations will be notified and authorised dealers must notify constituents. en-us Fri, 08 Jun 2007 00:00:00 +0530 Mon, 06 Oct 2008 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2692 Only instruments that are fully and mandatorily convertible into equity within a specified timeframe will be treated as equity under the FDI framework; optionally or partially convertible instruments that are debt like are excluded. FIIs may continue to invest in listed non convertible debentures under existing rupee debt norms. Issuances and investments in partially/optionally convertible instruments made on or before the cutoff date may continue until maturity. Amendments to the foreign exchange regulations will be notified and authorised dealers must notify constituents. Circulars FEMA Fri, 08 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2692