Lawyers

  • Naman Saraswat

    Sr. Associate

    B.Com, LL.B

    Naman@astrealegal.com

    Practices Corporate and commercial,infrastructure,corporate finance, electricity regulatory,M&A activities, IPO, QIP, Bond Issuances and Private Equity Transactions

FDI-twitter1. The word ‘commodity exchanges, in Para 5.2.21.1 stands amended as ‘commodities derivatives exchanges’

2.  Para 5.2.21.2 earlier stood as

FII/FPI can invest only through purchase in the secondary, market.

No non-resident investor or entity including persons acting in concert will hold more than 5% of the equity in commodity exchanges.

Foreign investment in commodity exchanges will be subject to guidelines of the central government or SEBI from time to time.

Stands amended as

  1. Foreign investment, including investment by FPIs will be subject to the Securities Contracts (Regulations)(Stock Exchanges and Clearing Corporations) Regulations, 2012 and securities and Exchange Board of India (Depositories and Participants) Regulations,1996 as amended from time to time and other guidelines or regulations issued by the Central government or SEBI and the Reserve Bank of India From time to time.
  2. Words and expressions used herein and not defined in these regulations but defined in the Companies Act, 2013 or the Securities Contracts (Regulation) Act, 1956, SEBI Act,1992 or Depositories Act,1996 or the Concerned regulations issued by SEBI shall have the same meanings assigned to them in those Acts or Regulations.