Guidelines for Foreign investment in Commodity Exchanges

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....aid the guidelines for foreign investment in Commodity Exchanges vide Press Note 2(2008) dated 12th March 2008. As per the guidelines, a composite ceiling for foreign investment of 49% was allowed with prior Government approval, subject to the condition that investment under the Portfolio Investment Scheme will be limited to 23% and that under the FDI Scheme will be limited to 26%. Further, no for....

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....tipulated time frame. The Government, on consideration and in order to facilitate the existing Commodity Exchanges to comply with the guidelines notified vide Press Note 2(2008), has now been decided to allow a further transition / complying/correction time to the existing Commodity exchange(s) beyond 30.6.2009. Accordingly, all such Commodity Exchanges are hereby advised to adhere to the conditio....