https://www.taxtmi.com/circulars?id=4175 Permits foreign investment in commodity exchanges via a composite ceiling combining foreign direct investment and registered FII portfolio investment, subject to recognition under the Forward Contracts (Regulation) Act. Aggregate foreign investment is capped under the composite ceiling, FDI requires prior government approval, FII purchases are limited to the secondary market, and no foreign investor or persons acting in concert may exceed a prescribed low-percentage equity holding. en-us Wed, 12 Mar 2008 00:00:00 +0530 Wed, 01 Oct 2008 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4175 Permits foreign investment in commodity exchanges via a composite ceiling combining foreign direct investment and registered FII portfolio investment, subject to recognition under the Forward Contracts (Regulation) Act. Aggregate foreign investment is capped under the composite ceiling, FDI requires prior government approval, FII purchases are limited to the secondary market, and no foreign investor or persons acting in concert may exceed a prescribed low-percentage equity holding. Circulars FEMA Wed, 12 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4175