Foreign participation in stock exchanges permitted for specified overseas entities, subject to a capped minority equity stake and conditions. Regulation 17 is amended to permit specified foreign persons - a foreign stock exchange, foreign depository, foreign banking company, foreign insurance company and foreign commodity derivatives exchange - to acquire or hold, directly or indirectly, individually or jointly, up to fifteen per cent. of the paid up equity share capital of a recognised stock exchange; the proviso clarifies these persons are those recognised or incorporated outside India and the amendment takes effect on publication in the Official Gazette.
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 participation in stock exchanges permitted for specified overseas entities, subject to a capped minority equity stake and conditions.
Regulation 17 is amended to permit specified foreign persons - a foreign stock exchange, foreign depository, foreign banking company, foreign insurance company and foreign commodity derivatives exchange - to acquire or hold, directly or indirectly, individually or jointly, up to fifteen per cent. of the paid up equity share capital of a recognised stock exchange; the proviso clarifies these persons are those recognised or incorporated outside India and the amendment takes effect on publication in the Official Gazette.
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