{"id":58581,"date":"2016-07-28T11:52:51","date_gmt":"2016-07-28T06:22:51","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=58581"},"modified":"2016-09-13T14:48:55","modified_gmt":"2016-09-13T09:18:55","slug":"limit-for-foreign-investment-in-stock-exchanges-increased-from-5-to-15","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/07\/28\/limit-for-foreign-investment-in-stock-exchanges-increased-from-5-to-15\/","title":{"rendered":"Limit for foreign investment in Stock Exchanges increased from 5% to 15%"},"content":{"rendered":"<p style=\"text-align: justify;\">The Union Cabinet has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. The Cabinet has also approved the proposal to allow foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges. It\u00a0will help in enhancing global competitiveness of Indian stock exchanges by accelerating\/facilitating the adoption of latest technology and global best practices which will lead to overall growth and development of the Indian Capital Market.<\/p>\n<p style=\"text-align: right;\">Press Information Bureau<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Union Cabinet has given its approval for raising foreign shareholding limit from 5% to 15% in Indian Stock Exchanges for a <\/p>\n","protected":false},"author":3,"featured_media":58591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-58581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin 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The was in fulfillment of the commitment made in the last Union Budget 2018-19 to take reform measures with respect to Stamp Duty\u2026","rel":"","context":"In &quot;Foreign Legislation&quot;","block_context":{"text":"Foreign Legislation","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/foreign\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":227715,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/31\/indian-stamp-collection-of-stamp-duty-through-stock-exchanges-clearing-corporations-and-depositories-second-amendment-rules-2020-notified\/","url_meta":{"origin":58581,"position":4},"title":"Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) (Second Amendment) Rules, 2020 &#8212; Notified","author":"Bhumika Indulia","date":"March 31, 2020","format":false,"excerpt":"G.S.R. 226(E).\u2014In exercise of the powers conferred by section 73A of the Indian Stamp Act, 1899 (2 of 1899), the Central Government hereby makes the following rules to further amend the Indian Stamp (Collection of Stamp-Duty through Stock Exchanges, Clearing Corporations and Depositories) Rules, 2019, namely:- (1) (1) These rules\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":292289,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/16\/khaitan-co-acts-as-the-legal-counsel-to-citigroup-global-markets-india-private-limited-the-broker-as-to-indian-law\/","url_meta":{"origin":58581,"position":5},"title":"Khaitan &#038; Co. acted as legal counsel to Citigroup Global Markets India Pvt. 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