Asset Reconstruction Companies investment restrictions: FIIs barred from ARC equity and subject to capped holdings in security receipts. Amendments define Asset Reconstruction Company as an entity registered under the SARFAESI Act and prohibit Foreign Institutional Investors from investing in the paid up equity capital of ARCs; they permit registered FIIs to purchase Security Receipts issued by ARCs on a repatriation basis and impose allocation requirements between equity and debt investments, require registration of wholly debt funds with the market regulator for exclusive debt investment, and set per FII and aggregate holding caps for Security Receipts in each tranche.