Foreign investment commitment limits expanded and shareholding threshold removed, altering overseas security transfer rules. The amendment raises the total financial commitment ceiling for Indian parties in Joint Ventures and Wholly Owned Subsidiaries to 400% of the Indian party's net worth, unifying previous differentiated caps into a single 400% net-worth limit and updating explanatory provisions. It removes the prior requirement that an investing party hold at least 10% in a listed Indian company as of 1 January of the investment year, and increases a specified net-worth-linked investor threshold from 35% to 50% of net worth; the changes operate retrospectively from 26 September 2007.
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Foreign investment commitment limits expanded and shareholding threshold removed, altering overseas security transfer rules.
The amendment raises the total financial commitment ceiling for Indian parties in Joint Ventures and Wholly Owned Subsidiaries to 400% of the Indian party's net worth, unifying previous differentiated caps into a single 400% net-worth limit and updating explanatory provisions. It removes the prior requirement that an investing party hold at least 10% in a listed Indian company as of 1 January of the investment year, and increases a specified net-worth-linked investor threshold from 35% to 50% of net worth; the changes operate retrospectively from 26 September 2007.
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