Foreign investment in power exchanges limited under split FDI and FII caps, with FDI requiring government approval. Foreign investment in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 is permitted up to 49% of paid-up capital, subject to a split between FDI and FII, with FDI requiring government approval, FII permitted under the automatic route and restricted to secondary market purchases; no non resident investor or persons acting in concert may hold more than the specified individual equity threshold, and all investment must comply with SEBI regulations, other applicable laws and security conditionalities.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Foreign investment in power exchanges limited under split FDI and FII caps, with FDI requiring government approval.
Foreign investment in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 is permitted up to 49% of paid-up capital, subject to a split between FDI and FII, with FDI requiring government approval, FII permitted under the automatic route and restricted to secondary market purchases; no non resident investor or persons acting in concert may hold more than the specified individual equity threshold, and all investment must comply with SEBI regulations, other applicable laws and security conditionalities.
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