https://www.taxtmi.com/notifications?id=24842 Rule 2F requires an Infrastructure Debt Fund to be set up as a Non Banking Financial Company complying with RBI Directions, invest only in PPP and post commencement projects with at least one year of satisfactory commercial operation and a tripartite agreement, issue rupee or foreign currency bonds under RBI and FEMA rules, impose a five year original maturity and three year lock in for non resident investors, cap investment in any project/group at twenty percent of corpus, prohibit investments where sponsor or associate has substantial interest, file returns under section 139(4C), and forfeit IDF status on non compliance. en-us Mon, 30 Apr 2012 00:00:00 +0530 Fri, 07 Feb 2014 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24842 Rule 2F requires an Infrastructure Debt Fund to be set up as a Non Banking Financial Company complying with RBI Directions, invest only in PPP and post commencement projects with at least one year of satisfactory commercial operation and a tripartite agreement, issue rupee or foreign currency bonds under RBI and FEMA rules, impose a five year original maturity and three year lock in for non resident investors, cap investment in any project/group at twenty percent of corpus, prohibit investments where sponsor or associate has substantial interest, file returns under section 139(4C), and forfeit IDF status on non compliance. Notifications Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24842