https://www.taxtmi.com/circulars?id=11368 FIIs may invest in non convertible debentures/bonds issued by NBFCs classified as Infrastructure Finance Companies within the overall FII infrastructure debt limit; the lock in period for FII investment is reduced to one year for investments up to a specified sub limit measured from first purchase; residual maturity of five years is defined with reference to the instrument's original maturity at first purchase. Parallel changes apply to QFI investment in mutual fund debt schemes; FEMA transfer/issue regulations will be amended and AD Category I banks must notify constituents. en-us Thu, 03 Nov 2011 00:00:00 +0530 Thu, 03 Nov 2011 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11368 FIIs may invest in non convertible debentures/bonds issued by NBFCs classified as Infrastructure Finance Companies within the overall FII infrastructure debt limit; the lock in period for FII investment is reduced to one year for investments up to a specified sub limit measured from first purchase; residual maturity of five years is defined with reference to the instrument's original maturity at first purchase. Parallel changes apply to QFI investment in mutual fund debt schemes; FEMA transfer/issue regulations will be amended and AD Category I banks must notify constituents. Circulars FEMA Thu, 03 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11368