https://www.taxtmi.com/circulars?id=64711 FPIs are permitted to acquire NCDs/bonds under default in repayment of principal and such investments are exempted from the minimum residual maturity requirement, the short-term investment limit, and the investor limit applicable to FPI investment in corporate debt; this aligns their treatment with existing exemptions for security receipts, ARCs and approved CIRP resolution-plan instruments. en-us Fri, 26 Feb 2021 00:00:00 +0530 Sat, 27 Feb 2021 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64711 FPIs are permitted to acquire NCDs/bonds under default in repayment of principal and such investments are exempted from the minimum residual maturity requirement, the short-term investment limit, and the investor limit applicable to FPI investment in corporate debt; this aligns their treatment with existing exemptions for security receipts, ARCs and approved CIRP resolution-plan instruments. Circulars FEMA Fri, 26 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64711