https://www.taxtmi.com/circulars?id=54499 The policy amendment permits up to 100% foreign equity in Asset Reconstruction Companies on the automatic route. ARCs are entities registered under section 3 of the SARFAESI Act. Investment conditions, including sponsor shareholding and investor participation, are governed by the SARFAESI Act and RBI directions; the total holding of any individual FII/FPI remains below ten percent, and FIIs/FPIs may invest in Security Receipts subject to RBI guidelines and applicable limits. The amendment is effective immediately. en-us Fri, 06 May 2016 00:00:00 +0530 Sat, 07 May 2016 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54499 The policy amendment permits up to 100% foreign equity in Asset Reconstruction Companies on the automatic route. ARCs are entities registered under section 3 of the SARFAESI Act. Investment conditions, including sponsor shareholding and investor participation, are governed by the SARFAESI Act and RBI directions; the total holding of any individual FII/FPI remains below ten percent, and FIIs/FPIs may invest in Security Receipts subject to RBI guidelines and applicable limits. The amendment is effective immediately. Circulars FEMA Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54499