https://www.taxtmi.com/news?id=1011 Guidelines prescribe a composite foreign investment ceiling in commodity exchanges, limit individual foreign holdings, and require prior approval where applicable. Existing exchanges exceeding permitted levels were required to divest the excess and were granted extended transition periods to regularise holdings. Exchanges must submit status reports of foreign investment and equity structure and describe steps taken to comply to designated departments and regulators. Failure to comply within the final transition period will constitute a breach of foreign exchange law. en-us Wed, 30 Sep 2009 14:22:53 +0530 Wed, 30 Sep 2009 14:22:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1011 Guidelines prescribe a composite foreign investment ceiling in commodity exchanges, limit individual foreign holdings, and require prior approval where applicable. Existing exchanges exceeding permitted levels were required to divest the excess and were granted extended transition periods to regularise holdings. Exchanges must submit status reports of foreign investment and equity structure and describe steps taken to comply to designated departments and regulators. Failure to comply within the final transition period will constitute a breach of foreign exchange law. News - Wed, 30 Sep 2009 14:22:53 +0530 https://www.taxtmi.com/news?id=1011