https://www.taxtmi.com/circulars?id=52399 No DRR is required for debentures issued by All India Financial Institutions regulated by the Reserve Bank and for Banking Companies. NBFCs registered with the Reserve Bank must maintain DRR adequacy for public issues while privately placed debentures require no DRR. Other companies (including manufacturing and infrastructure) must maintain DRR for public issues and, for listed companies, for privately placed debentures; unlisted private placements attract DRR. Companies required to maintain DRR must, before 30 April each year, deposit or invest a minimum percentage of debentures maturing in the following year in prescribed unencumbered instruments, usable only for repayment of those maturing debentures. en-us Mon, 11 Feb 2013 00:00:00 +0530 Thu, 05 Sep 2013 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52399 No DRR is required for debentures issued by All India Financial Institutions regulated by the Reserve Bank and for Banking Companies. NBFCs registered with the Reserve Bank must maintain DRR adequacy for public issues while privately placed debentures require no DRR. Other companies (including manufacturing and infrastructure) must maintain DRR for public issues and, for listed companies, for privately placed debentures; unlisted private placements attract DRR. Companies required to maintain DRR must, before 30 April each year, deposit or invest a minimum percentage of debentures maturing in the following year in prescribed unencumbered instruments, usable only for repayment of those maturing debentures. Circulars Companies Law Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52399