Foreign investment ceilings altered; revised limits and permissions enable additional overseas investment subject to Reserve Bank approval. Amendments restate and modify foreign investment ceilings and conditions, substitute and delete specified sub-regulatory provisions, permit acquisitions of foreign company shares by Indian parties in exchange for ADRs/GDRs subject to listing, investment caps tied to a benchmark or export earnings, fresh equity backing, sectoral holding limits and prescribed valuation methods, authorize Reserve Bank block allocations of foreign exchange when limits are exhausted, and introduce permissions and limited prior-approval-exempt investment rules for registered partnership firms with reporting obligations.
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Provisions expressly mentioned in the judgment/order text.
Foreign investment ceilings altered; revised limits and permissions enable additional overseas investment subject to Reserve Bank approval.
Amendments restate and modify foreign investment ceilings and conditions, substitute and delete specified sub-regulatory provisions, permit acquisitions of foreign company shares by Indian parties in exchange for ADRs/GDRs subject to listing, investment caps tied to a benchmark or export earnings, fresh equity backing, sectoral holding limits and prescribed valuation methods, authorize Reserve Bank block allocations of foreign exchange when limits are exhausted, and introduce permissions and limited prior-approval-exempt investment rules for registered partnership firms with reporting obligations.
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