https://www.taxtmi.com/circulars?id=11831 Foreign investment in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 is permitted up to 49% of paid-up capital, subject to a split between FDI and FII, with FDI requiring government approval, FII permitted under the automatic route and restricted to secondary market purchases; no non resident investor or persons acting in concert may hold more than the specified individual equity threshold, and all investment must comply with SEBI regulations, other applicable laws and security conditionalities. en-us Thu, 20 Sep 2012 00:00:00 +0530 Fri, 21 Sep 2012 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11831 Foreign investment in Power Exchanges registered under the Central Electricity Regulatory Commission (Power Market) Regulations, 2010 is permitted up to 49% of paid-up capital, subject to a split between FDI and FII, with FDI requiring government approval, FII permitted under the automatic route and restricted to secondary market purchases; no non resident investor or persons acting in concert may hold more than the specified individual equity threshold, and all investment must comply with SEBI regulations, other applicable laws and security conditionalities. Circulars FEMA Thu, 20 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11831