https://www.taxtmi.com/news?id=4414 The Government raised the ceiling for FDI in Asset Reconstruction Companies from 49% to 74%, subject to FDI entry route conditions and sectoral caps, and imposed a sponsor cap preventing any sponsor holding more than 50% of an ARC either directly or via an FII. The 74% limit is a combined FDI and FII cap; FIIs may invest in ARCs (individual FII shareholding capped at 10% of paid-up capital) and FII investment in Security Receipts may also be increased subject to corporate bond limits and sectoral caps. RBI and SEBI will notify implementing rules. en-us Sat, 22 Dec 2012 11:17:26 +0530 Sat, 22 Dec 2012 11:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4414 The Government raised the ceiling for FDI in Asset Reconstruction Companies from 49% to 74%, subject to FDI entry route conditions and sectoral caps, and imposed a sponsor cap preventing any sponsor holding more than 50% of an ARC either directly or via an FII. The 74% limit is a combined FDI and FII cap; FIIs may invest in ARCs (individual FII shareholding capped at 10% of paid-up capital) and FII investment in Security Receipts may also be increased subject to corporate bond limits and sectoral caps. RBI and SEBI will notify implementing rules. News - Sat, 22 Dec 2012 11:17:26 +0530 https://www.taxtmi.com/news?id=4414