TaxTMI 
TaxTMI 
Changes in Re-investment period of FII debt limit
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....y 04, 2008 and para 6 of circular CIR/IMD/FIIC/18 /2010 dated November 26, 2010, relating to facility provided for FIIs for re-investment period for debt investments. Withdrawal of the facility of re-investment 2. It has been decided that henceforth re-investment period shall not be allowed for all new allocations of debt limit to FIIs/sub-accounts. Thus, limits acquired in the bidding sessions ....
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.... circular i.e. January 02, 2014 b. Re-investment period for the above purposes shall continue to be as per para 6 of circular CIR/IMD/FIIC/18 /2010 dated November 26, 2010 4. After the threshold as mentioned above is breached, in case of any sale or redemption of the investments, the limit shall expire/lapse. These limits then shall again be allocated in subsequent bidding processes. 5. It is ....
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....ities currently holding investments: 7. Similar facility as provided in para 3 & 4 above shall also be applicable for all investments made in the long term infra debt category (with one year lock in and one year residual maturity clause) where lock in provisions are in force. a. During the lock-in period, if a FII/sub-account decides to sells its investments in the special trading window as pr....
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....o a domestic participant after the lock-in period, it can avail benefit of para 3 of this circular. 10. FIIs are advised to evolve suitable mechanism in consultation with their custodian to give effect to the provisions of this circular. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act 1992, read with Section 10 of....