New System for Monitoring Foreign Investment Limits in listed Indian companies
1. Foreign Investment in India is regulated in terms of clause (b) of sub-section 3 of section 6 and section 47 of the Foreign Exchange Management Act, 1999 (FEMA) read with Foreign Exchange Management (Transfer or Issue of a Security by a Person resident Outside India) Regulations, 2017 issued vide Notification FEMA 20(R)/2017 -RB dated November 7, 2017. FEMA prescribes the various foreign investmen t limits in listed Indian companies . These include the aggregate FPI limit, the aggregate NRI limit and the sectoral cap. The RBI Master Direction (FED Master Direction No . 11/2017-18) dated Janua ry 04, 2018 provides a compilation of the instructions issued on Foreign Investment in India and its related aspects under FEMA.
Th is circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992.
A copy of this circular is available at the web page “Circulars” on our website www.sebi.gov. in. Custodians are requested to bring the contents of this circular to the notice of their FPI clients.
Yours faithfully,
ACHAL SINGH
Deputy General Manager
Tel No.: 022-26449619
Email: achals@sebi.gov.in
Annexure A-Architecture of the System for Monitoring Foreign Investment Limits in listed Indian companies Click Here >>
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