Government Exempts Masala Bonds From Certain Norms Under Companies Law

New Delhi: Issuers of rupee-denominated bonds, also known as masala bonds, will not have to comply with certain rules under the companies law. In this regard, Corporate Affairs Ministry has issued a notification - which would also provide more clarity on the regulatory framework for rupee-denominated bonds. The move comes against the backdrop of masala bonds attracting more foreign investors and many entities are looking to tap thi...