https://www.taxtmi.com/circulars?id=4268 Foreign investment in commodity exchanges is permitted subject to a composite foreign investment ceiling and differentiated limits for direct and portfolio investment; FDI requires specific government approval, FIIs may purchase equity only in secondary markets, and all foreign investment must comply with Forward Market Commission regulations, with amendments to the Foreign Exchange Management Regulations to follow. en-us Mon, 28 Apr 2008 00:00:00 +0530 Wed, 01 Oct 2008 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4268 Foreign investment in commodity exchanges is permitted subject to a composite foreign investment ceiling and differentiated limits for direct and portfolio investment; FDI requires specific government approval, FIIs may purchase equity only in secondary markets, and all foreign investment must comply with Forward Market Commission regulations, with amendments to the Foreign Exchange Management Regulations to follow. Circulars FEMA Mon, 28 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4268