Foreign portfolio investor acquisition restriction: FPIs may acquire depository shares only through the secondary market under prescribed limits. Regulation 7 is amended to make combined holdings subject to limits prescribed by the Central Government, to omit specified sub clauses, and to insert a proviso that no foreign portfolio investor shall acquire depository shares other than through the secondary market. The term 'institutional' is replaced by 'portfolio' in the relevant clause and in Form E, clause 3(f) of the First Schedule.
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 acquisition restriction: FPIs may acquire depository shares only through the secondary market under prescribed limits.
Regulation 7 is amended to make combined holdings subject to limits prescribed by the Central Government, to omit specified sub clauses, and to insert a proviso that no foreign portfolio investor shall acquire depository shares other than through the secondary market. The term "institutional" is replaced by "portfolio" in the relevant clause and in Form E, clause 3(f) of the First Schedule.
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