TMI BlogPolicy on foreign investment in Indian Stock Exchanges- amendment to paragraph 5.2.21 of 'Consolidated FDI Policy Circular of 2016’X X X X Extracts X X X X X X X X Extracts X X X X ..... tment in Indian Stock Exchanges- amendment to paragraph 5.2.21 of 'Consolidated FDI Policy Circular of 2016 1.0 Present Position: 1.1 Paragraph 5.2.21 of 'Consolidated FDI Policy Circular of 2016', effective from June 07, 2016, relating to Infrastructure Company in the Securities Market presently reads as below: 5.2.21 Infrastructure Company in the Securities Market ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dia has reviewed the FDI policy for foreign investment in stock exchanges. Accordingly, Paragraph 5.2.21 of 'Consolidated FDI Policy Circular of 2016' is amended to read as below: 5.2.21 Infrastructure Company in the Securities Market Sector/Activity % of Equity/ FDI Cap Entry Route 5.2.21.1 Infrastructure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3) or the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the Depositories Act, 1996 (22 of 1996) or in the concerned Regulations issued by SEBI shall have the same meanings respectively assigned to them in those Acts/ Regulations. 3.0 The above decision will take immediate effect. (Atul Chaturvedi) ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
