https://www.taxtmi.com/circulars?id=2150 Permits foreign direct investment in Asset Reconstruction Companies registered with RBI via the FDI route while excluding FIIs from ARC equity; FIPB will consider applications subject to an overall foreign equity ceiling and additional SARFAESI compliance where an individual investor's stake crosses the specified threshold. Separately, grants general permission to SEBI registered FIIs to invest in Security Receipts issued by ARCs subject to limits on each tranche and per FII participation, with both policies subject to periodic review and FEMA regulatory amendments to follow. en-us Fri, 11 Nov 2005 00:00:00 +0530 Fri, 03 Oct 2008 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2150 Permits foreign direct investment in Asset Reconstruction Companies registered with RBI via the FDI route while excluding FIIs from ARC equity; FIPB will consider applications subject to an overall foreign equity ceiling and additional SARFAESI compliance where an individual investor's stake crosses the specified threshold. Separately, grants general permission to SEBI registered FIIs to invest in Security Receipts issued by ARCs subject to limits on each tranche and per FII participation, with both policies subject to periodic review and FEMA regulatory amendments to follow. Circulars FEMA Fri, 11 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2150