Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Back to Top of Index Question-81: Is there any ceiling on the ilnvestment under the Portfolio Investment Scheme ?

April 26, 2017ceiling index Investment portfolio Scheme

0

Posted

Back to Top of Index Question-81: Is there any ceiling on the ilnvestment under the Portfolio Investment Scheme ?

1 Answer

0

Posted

There is an overall ceiling of 5% of paid-up share cepital of the company/paid-up value of each series of convertible debentures for purchase by NRIs/OCBs. The overall ceiling can be raised to 24% if the company concerned passes a resolution to that effect in its general body meeting. Individually, NRIs/OBCs can make investment upto 1% of the paid-up share capital/each series of convertible debentures. However, there is no ceiling on investment in domestic Mutual Funds.