https://www.taxtmi.com/notifications?id=119678 Persons resident outside India may invest up to 100% in Asset Reconstruction Companies under the automatic route, with sponsor shareholding and other investor limits governed by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. A single FII/FPI must hold below 10% of paid up capital. FIIs/FPIs may invest in Security Receipts issued by ARCs up to 100% of each tranche, subject to Reserve Bank of India directions/guidelines and applicable regulatory caps. en-us Thu, 27 Oct 2016 00:00:00 +0530 Wed, 02 Nov 2016 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119678 Persons resident outside India may invest up to 100% in Asset Reconstruction Companies under the automatic route, with sponsor shareholding and other investor limits governed by the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act. A single FII/FPI must hold below 10% of paid up capital. FIIs/FPIs may invest in Security Receipts issued by ARCs up to 100% of each tranche, subject to Reserve Bank of India directions/guidelines and applicable regulatory caps. Notifications FEMA Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119678