https://www.taxtmi.com/notifications?id=128193 The amendments define "shareholder having trading rights" including indirect trading interests, cap resident holdings at five per cent with a fifteen per cent exception for specified institutional entities, require reduction of existing excess holdings within the Act's timeframe, and impose a forty nine per cent overall foreign ownership ceiling with sub limits and conditions for foreign direct investment and foreign institutional investors, including restrictions on acquisition route and board representation; acquisitions exceeding five per cent after commencement require prior Board approval and fit and proper status. en-us Tue, 23 Dec 2008 00:00:00 +0530 Sat, 09 Feb 2019 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128193 The amendments define "shareholder having trading rights" including indirect trading interests, cap resident holdings at five per cent with a fifteen per cent exception for specified institutional entities, require reduction of existing excess holdings within the Act's timeframe, and impose a forty nine per cent overall foreign ownership ceiling with sub limits and conditions for foreign direct investment and foreign institutional investors, including restrictions on acquisition route and board representation; acquisitions exceeding five per cent after commencement require prior Board approval and fit and proper status. Notifications SEBI Tue, 23 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128193