https://www.taxtmi.com/circulars?id=63801 Grandfathering of existing unlisted non-convertible debentures (identified NCDs) is confirmed as an industry-wide concession allowing mutual funds to transact in and hold those instruments until maturity, subject to ongoing investment due diligence and applicable investment restrictions. The compliance timeline for maximum exposure limits to unlisted NCDs within a scheme's debt portfolio has been extended to later dates, while the regulatory power to protect investor interests and regulate the securities market is invoked to issue this clarification. en-us Tue, 28 Apr 2020 00:00:00 +0530 Tue, 28 Apr 2020 18:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63801 Grandfathering of existing unlisted non-convertible debentures (identified NCDs) is confirmed as an industry-wide concession allowing mutual funds to transact in and hold those instruments until maturity, subject to ongoing investment due diligence and applicable investment restrictions. The compliance timeline for maximum exposure limits to unlisted NCDs within a scheme's debt portfolio has been extended to later dates, while the regulatory power to protect investor interests and regulate the securities market is invoked to issue this clarification. Circulars SEBI Tue, 28 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63801