General Permission for Investment in Equity of a Company Registered Oversea

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..... erson resident in India, being 3 (***) a listed Indian company, may invest in a. the shares of an overseas company which is listed on a recognised stock exchange 5 [***] b. the rated bonds/ fixed income securities issued by companies at (a) above: Provided that- (i) in the case of investment by a listed Indian company, the investment shall not exceed 4 50% of the net worth as on the .....

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..... d the ceiling stipulated by Securities Exchange Board of India (SEBI) from time to time;" 3. The words "an individual or" has been omitted vide Notification No. G.S.R. 13(E) dated 9/10/2007 (w. e. f. the 20th day of December 2006) 4. For the words and figures "25% of the net worth", the words and figures "35% of the net worth" has been substituted vide Notification No. G.S.R. 13(E) dated .....

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