Foreign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2013 - 254/2013 - Foreign Exchange Management
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Foreign investment in Asset Reconstruction Companies limited under government route, caps on sponsor and FII holdings and SR investment. Amendments limit non-resident investment in Asset Reconstruction Companies to the Government Route as FDI, define ARCs under SARFAESI registration, cap sponsor and individual FII shareholdings in ARCs, permit FIIs to invest in Security Receipts subject to an aggregate FII ceiling per tranche, and require compliance with SARFAESI conditions for individual investments above prescribed thresholds.
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 Asset Reconstruction Companies limited under government route, caps on sponsor and FII holdings and SR investment.
Amendments limit non-resident investment in Asset Reconstruction Companies to the Government Route as FDI, define ARCs under SARFAESI registration, cap sponsor and individual FII shareholdings in ARCs, permit FIIs to invest in Security Receipts subject to an aggregate FII ceiling per tranche, and require compliance with SARFAESI conditions for individual investments above prescribed thresholds.
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