https://www.taxtmi.com/circulars?id=2198 Foreign investment in infrastructure companies in the securities markets is permitted with a combined foreign investment cap of 49 per cent, separately allocated as 26 per cent for FDI and 23 per cent for FII. FDI requires specific prior government approval; FII is permitted only through secondary-market purchases. Investments must comply with securities regulator requirements, authorised dealer banks must inform constituents, and implementing amendments to foreign exchange regulations will follow. en-us Fri, 22 Dec 2006 00:00:00 +0530 Fri, 03 Oct 2008 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2198 Foreign investment in infrastructure companies in the securities markets is permitted with a combined foreign investment cap of 49 per cent, separately allocated as 26 per cent for FDI and 23 per cent for FII. FDI requires specific prior government approval; FII is permitted only through secondary-market purchases. Investments must comply with securities regulator requirements, authorised dealer banks must inform constituents, and implementing amendments to foreign exchange regulations will follow. Circulars FEMA Fri, 22 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2198