FII/QFI investments in Security Receipts

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Full Text of the Document

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....istry of Commerce and Industry, effective from April 05, 2013, states that FII investments in Security Receipts issued by Asset Reconstruction Companies should be within the FII limit on corporate bonds prescribed from time to time. 2. Accordingly, the investments in Security Receipts issued by Asset Reconstruction Companies by FII's shall be reckoned against the extant Corporate Debt Limits.....