TaxTMI 
TaxTMI 
FII Investment in Government debt long term and corporate debt long term infra category
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....t in Government debt long term and corporate debt long term infra category 1. The Reserve Bank of India (RBI), vide its circular dated June 25, 2012 has decided to enhance the existing limit for investment by SEBI registered Foreign Institutional Investors (FIIs) in Government debt by a further amount of USD 5 billion taking the overall limit for FII investment in Government debt from USD 15 bi....
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....t in infrastructure corporate bonds) have been changed as under: 2.1. The lock-in period for investments under this limit has been uniformly reduced to one year; and 2.2. The residual maturity of the instrument at the time of first purchase by an FII/ eligible IDF investor would be at least fifteen months. 3. Allocation of limits under Government Debt- Long Term category: Additional li....
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....ocation of limits under Corporate Debt- Long Term infra category: In view of changes in lock-in and residual maturity as stated in para 2 above, it has been decided that limit of USD 7 billion (INR 31,387 crore - converted at prevailing exchange rates at the time when the limits were made available) shall be auctioned through electronic bidding process, in terms of SEBI circular IMD/FII&C/37/20....
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....-in and 15 months residual maturity), shall be allocated through special auction. The auction for this limit shall be done on the BSE from 15:30 hrs to 17:30 hrs, on Wednesday, July 04, 2012. This circular is issued in exercise of powers conferred under SEBI Section 11 (1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote....