TMI BlogGuidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10.X X X X Extracts X X X X X X X X Extracts X X X X ..... The funds of the Infrastructure Debt Fund shall be invested only in Post Commencement Operation Date Infrastructure Projects which have completed at least one year of satisfactory commercial operations that are (i) Public Private Partnership Projects and are a party to triplicate agreement with the concessionaire and the project authority for ensuring compulsory buy out and termination payment; (ii) Non-Public Private Partnership Projects and Public Private Partnership Projects and Public Partnership Projects without a project authority, in sectors where there is no project authority ] 4 [ (3) The Infrastructure Debt Fund shall issue,- (i) rupee denominated bonds or foreign currency bonds in accordance with the directions of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India, all provisions of the Act shall apply as if it is not an Infrastructure Debt Fund referred to in clause ( 47 ) of section 10 of the Act. Explanation . - For the purpose of this rule,- ( i ) associate enterprise shall have the same meaning as assigned to it in section 92A of the Act; ( ii ) concern shall have the same meaning as in clause ( a ) of Explanation 3 of sub-section (22) of section 2 of the Act; ( iii ) concessionaire , tripartite agreement and project authority respectively shall have the same meaning as assigned to them in the Infrastructure Debt Fund-Non-Banking Financial Company (Reserve Bank) Directions, 2011; ( iv ) corpus means the total funds of the Infrastructure Debt Fund rais ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in accordance with the directions of Reserve Bank of India. *********** Notes:- 1. Inserted vide Notification No. 16/2012, Dated 30-4-2012 2. Substituted vide Not. 84/2015 - Dated 20-10-2015, w.e.f.14th day of May. 2015 , before it was read as, (1) The Infrastructure Debt Fund shall be set up as a Non-Banking Financial Company conforming to and satisfying the conditions provided by the Reserve Bank of India in the Infrastructure-Development Fund - Non-Banking Financial Companies (Reserve Bank) Directions, 2011, vide notification No. DNBS.233/CGM (US)-2011, dated 21st November, 2011. (2) The funds of Infrastructure Debt Fund shall be invested only in the Public Private Partnership Infrastructu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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