The Indian Express · 2d
The reclassification of excess FPI stake as FDI: What does this mean for foreign investors?
The RBI Monday directed FPIs to obtain necessary approvals from the government and concurrence from the investee companies when their equity holdings go beyond the prescribed limits and they reclassify the holdings as FDI.
Mena FN · 2d
RBI Sets New Guidelines For FPI-To-FDI Reclassification
The new rules, developed in coordination with the government of India and the Securities & Exchange Board of India, establish clear protocols for reclassifying Foreign Portfolio investment (FPI) as Foreign Direct Investment (FDI) when holdings surpass 10 per cent of a company's fully diluted equity capital.
Tax Guru · 2d
SEBI Circular on FPI to FDI Reclassification Procedure
ii. Pursuant to receipt of such intent from the FPI, the respective Custodian shall report the same to the Board and freeze purchase transactions by such FPI in equity instruments of such Indian company, till completion of the reclassification.
Indiatimes · 3d
RBI rolls out rules to reclassify FPI investment as FDI
The current law says an FPI cannot hold more than 10% of the total paid-up equity capital as portfolio investment in an Indian company. The investment is categorised as foreign direct investment (FDI) if the holding exceeds the 10% limit.
Some results have been hidden because they may be inaccessible to you
Show inaccessible results