Question

What is the condition for SEBI registered FIIs/sub-accounts to invest in primary issues of Non-Convertible Debentures (NCDs)/bonds?

a.

The listing of such bonds/NCDs should be committed within 30 days.

b.

The listing of such bonds/NCDs should be committed within 10 days.

c.

The listing of such bonds/NCDs should be committed within 15 days.

d.

The listing of such bonds/NCDs is not a requirement.

Answer: (c).The listing of such bonds/NCDs should be committed within 15 days. Explanation:SEBI registered FIIs/sub-accounts can invest in primary issues of Non-Convertible Debentures (NCDs)/bonds only if the listing of such bonds/NCDs is committed to be done within 15 days of such investment.

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Q. What is the condition for SEBI registered FIIs/sub-accounts to invest in primary issues of Non-Convertible Debentures (NCDs)/bonds?

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