Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investment
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2023
Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investment
Answer & Explanation:
'Foreign Portfolio Investment' means any investment made by a person resident outside India through capital instruments where such investment is less than ten percent of the post issue paid-up share capital on a fully diluted basis of a listed Indian company or less than ten percent of the paid-up value of each series of capital instrument of a listed Indian company.
Topics: Foreign Exchange Management Act (FEMA), 1999
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