TaxTMI 
TaxTMI 
Revisions in FII Investments in corporate debt long term infra category
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....t long term infra category 1. Please refer to SEBI circular IMD/FII&C/5/2011 dated March 31, 2011 wherein the enhanced debt investment limits for FII investment in corporate debt long term infra category, and the modalities for allocation was specified. 2. Reference is drawn to SEBI circular IMD/DF/14/2011 dated August 09, 2011 allowing Qualified Foreign Investor (QFI) in Mutual Fund Schemes....
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....mestic investors during lock in period. Three year lock in & three year residual maturity- 5. The remaining USD 17 billion limits available to FIIs can be invested in Long term infra bonds which have an initial maturity of 5 years or more at the time of issue and residual maturity of 3 years at the time of first purchase by an FII. These investments are subject to a lock in period of 3 years....
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....Is 5 22,419 Three year lock in with three year residual maturity by FIIs (including investment in IDF) 17 76,225 8. It is to be clarified that as per convention, in case of bonds that have embedded options, such as bonds with put and call options, the date of the put/ call shall be determined as the maturity date for the purpose of calculating residual maturity. Manner of allo....
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....vember 26, 2010 shall be initiated for allocation of remaining limits. Allocation of USD 5 billion limit 10. Allocation of entire USD 5 billion limit for FII investments in terms of para 4 above shall be through the bidding process on the NSE from 15:30 hrs to 17:30 hrs, on October 07, 2011, in terms of SEBI circular IMD/FII&C/37/2009 dated February 06, 2009, subject to the modifications sta....