Foreign portfolio investor restrictions: acquisition of exchange or clearing corporation shares limited to secondary market under amended regulations. The amendments insert the qualifier 'Subject to the limits as otherwise prescribed by the Central Government from time to time' before references to combined holdings, harmonise wording and punctuation, omit certain sub-clauses, and crucially add provisos that no foreign portfolio investor shall acquire shares of a recognised stock exchange or recognised clearing corporation otherwise than through the secondary market; they also substitute 'portfolio' for 'institutional' in specified provisions and update an explanatory cross-reference.
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 portfolio investor restrictions: acquisition of exchange or clearing corporation shares limited to secondary market under amended regulations.
The amendments insert the qualifier "Subject to the limits as otherwise prescribed by the Central Government from time to time" before references to combined holdings, harmonise wording and punctuation, omit certain sub-clauses, and crucially add provisos that no foreign portfolio investor shall acquire shares of a recognised stock exchange or recognised clearing corporation otherwise than through the secondary market; they also substitute "portfolio" for "institutional" in specified provisions and update an explanatory cross-reference.
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