https://www.taxtmi.com/circulars?id=52373 The amendments raise the combined foreign investment ceiling in Asset Reconstruction Companies, impose a sponsor shareholding cap preventing any sponsor from holding more than half the equity directly or via foreign routing, allow FIIs to invest in ARC equity subject to an individual FII shareholding cap, and permit FII investment in Security Receipts up to the combined foreign limit while requiring compliance with FII corporate bond limits and sectoral caps under the FDI regulatory framework. en-us Mon, 19 Aug 2013 00:00:00 +0530 Wed, 21 Aug 2013 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52373 The amendments raise the combined foreign investment ceiling in Asset Reconstruction Companies, impose a sponsor shareholding cap preventing any sponsor from holding more than half the equity directly or via foreign routing, allow FIIs to invest in ARC equity subject to an individual FII shareholding cap, and permit FII investment in Security Receipts up to the combined foreign limit while requiring compliance with FII corporate bond limits and sectoral caps under the FDI regulatory framework. Circulars FEMA Mon, 19 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52373