AI Drafter 
TaxTMI 
TaxTMI 
Investment restrictions.
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....curities;] ^4[(d) derivatives traded on a recognised stock exchange;] ^5[(e) commercial paper;] ^6[(f) security receipts;] ^32[(g) Indian Depository Receipts.] ^7[(1A) Where a foreign institutional investor or sub-account holds equity shares in a company whose shares are not listed on any recognised stock exchange, and continues to hold such shares after initial public offering and listing thereof, such shares shall be subject to lock-in for the same period, if any, as is applicable to shares held by a foreign direct investor placed in similar position, under the policy of the Central Government relating to foreign direct investment for the time being in force]. ^8[(1B) Nothing contained in sub-regulation (1A) shall be dee....
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....ot apply to investments made by foreign institutional investors in security receipts issued by securitization companies or asset reconstruction companies under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and the rules made there under: Provided further that no foreign institutional investor shall invest in security receipts on behalf of its sub account.] ^13[Explanation: For the purposes of the provisos to this sub-regulation, the expression "debt securities" shall include dated Government securities, ^14[commercial paper] ^15[, and treasury bills].]; (3) In respect of investments in the secondary market, the following additional conditions shall apply:- ^16[(a) a fore....
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....) Guidelines, 2003]:] ^22[Provided further that in case of an offer by a company to buy-back its securities, the foreign institutional investor, may sell the securities held by it to such company, in accordance with the Securities and Exchange Board of India (Buy-back of securities) Regulations, 1998:] ^23[Provided further that nothing contained in clause (c) shall apply to divestment of securities by the Foreign Institutional Investors in response to an offer by Indian Companies in accordance with Operative Guidelines for Disinvestment of Shares by Indian Companies in the overseas market through issue of American Depository Receipts (ADR) or Global Depository Receipts (GDR) as notified by the Government of India vide notification No.....
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.... names of the sub-accounts on whose behalf the Foreign Institutional Investor is investing are disclosed to the Board by the Foreign Institutional Investor. (5) The purchase of equity shares of each company by a Foreign Institutional Investor investing on his own account shall not exceed ^27[ten] percent of the total issued capital of that company. (6) In respect of a Foreign Institutional Investor investing in equity shares of a company on behalf of his sub-accounts, the investment on behalf of each such sub-account shall not exceed ^28[ten] percent of the total issued capital of that company: ^29[Provided that in case of foreign corporates or individuals, each of such sub-account shall not invest more than 5% of the total issued ....
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....serted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f.22-5-2008. 9. Inserted by the SEBI (Foreign Institutional Investors) (Second Amendment) Regulations, 1996 published in official Gazette of India dated 19.11.1996. 10. Inserted by the SEBI (Foreign Institutional Investors) (Third Amendment) Regulations, 1996, w.e.f. 30-6-1998. 11. Inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 2000 w.e.f. 29.2.2000. 12. Inserted by the SEBI ((Foreign Institutional Investors) Amendment Regulations, 2006, w.e.f. 26.6.2006. 13. Inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 1997 w.e.f. 12.2.1997. 14. Inserted by the SEBI (Foreign Institutional ....
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....tional Investors) (Amendment) Regulations, w.e.f. 14-5-2003. 24. Inserted by the SEBI (Foreign Institutional Investors) (Second Amendment) Regulations, 2004 w.e.f. 19.2.2004. 25. Inserted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2006, w.e.f. 26.6.2006. 26. Substituted for the clause (d) by the SEBI (Foreign Institutional Investor) (Amendment) Regulations 2007, w.e.f. 8-1-2007. Prior to substitution "Clause (d)" was inserted by the SEBI (Foreign Institutional Investors) (Third Amendment) Regulations, 1997 w.e.f. 5.12.1997 and read as follows: "(d) a Foreign Institutional Investor or a sub-account having an aggregate of securities which are worth rupees ten crore or more, as on the latest balance shee....