Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Jun 30, 2020

Relaxation of Time Limits for Debt Investments under Voluntary Retention Route by FPIs

The Circular dated May 24, 2019, issued by the RBI required FPIs to invest at least 75% of their committed portfolio size (‘CPS’) under the Voluntary Retention Route (VRR) within 3 months from the date of allotment of the CPS. By way of Circular dated May 22, 2020, due to disruptions caused by the COVID-19 pandemic, the RBI has granted an additional period of 3 months to FPIs that were allotted investment limits between January 24, 2020 (the date of reopening of allotment of investment limits) and April 30, 2020, to invest 75% of their CPS. It is pertinent to note that for the FPIs who avail such additional time, the retention period for investments (committed by them at the time of allotment of investment limit) would be reset to commence from the date that such FPI invests 75% of its CPS.

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These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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