Secondary market requirement for foreign institutional investors: unlisted exchanges permit off-exchange purchases not constituting initial allotment; listed exchanges require on-exchange. SEBI requires FIIs to acquire shares in infrastructure companies only via the secondary market: unlisted exchanges may accept FII purchases outside the exchange so long as they are not initial allotments, whereas listed exchanges require FIIs to transact through the exchange; issued under Section 11(1) of the SEBI Act for compliance by exchanges, depositories and custodians.
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.
Secondary market requirement for foreign institutional investors: unlisted exchanges permit off-exchange purchases not constituting initial allotment; listed exchanges require on-exchange.
SEBI requires FIIs to acquire shares in infrastructure companies only via the secondary market: unlisted exchanges may accept FII purchases outside the exchange so long as they are not initial allotments, whereas listed exchanges require FIIs to transact through the exchange; issued under Section 11(1) of the SEBI Act for compliance by exchanges, depositories and custodians.
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