https://www.taxtmi.com/notifications?id=128218 The amendment mandates sponsor majority control of a depository and bars any non-sponsor, individually or with persons acting in concert, from exceeding a small minority stake. It caps combined non-resident ownership below a minority threshold with sub-limits for foreign direct investment and foreign institutional investor holdings, requires that foreign institutional investors acquire shares only through the secondary market, and prohibits foreign institutional investor representation on the depository's board. en-us Mon, 17 Mar 2008 00:00:00 +0530 Tue, 12 Feb 2019 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128218 The amendment mandates sponsor majority control of a depository and bars any non-sponsor, individually or with persons acting in concert, from exceeding a small minority stake. It caps combined non-resident ownership below a minority threshold with sub-limits for foreign direct investment and foreign institutional investor holdings, requires that foreign institutional investors acquire shares only through the secondary market, and prohibits foreign institutional investor representation on the depository's board. Notifications SEBI Mon, 17 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128218