Restriction on investments in print media bars FIIs from purchasing certain securities and requires custodian compliance and client notice. The regulatory amendment disallows purchase of shares and convertible debentures of Indian companies in the print media sector by specified non resident investors, including Foreign Institutional Investors and Foreign Venture Capital Investors. All FIIs and custodians must ensure compliance with the amendment, and custodians are instructed to notify their clients of the restriction and implement the prohibition in their operations.
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.
Restriction on investments in print media bars FIIs from purchasing certain securities and requires custodian compliance and client notice.
The regulatory amendment disallows purchase of shares and convertible debentures of Indian companies in the print media sector by specified non resident investors, including Foreign Institutional Investors and Foreign Venture Capital Investors. All FIIs and custodians must ensure compliance with the amendment, and custodians are instructed to notify their clients of the restriction and implement the prohibition in their operations.
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