This document details the Securities and Exchange Board of India's (SEBI) relaxed compliance norms concerning investment limits in unlisted Non-Convertible Debentures (NCDs). It explains the grandfathering of existing unlisted NCDs and provides extended deadlines for mutual funds to comply with investment restrictions. This information is crucial for Mutual Funds, Asset Management Companies, and Trustees seeking to understand recent regulatory changes and their impact on investment strategies.
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