Is there any ceiling on the investment under the Portfolio Investment Schemes?
There is an overall ceiling of 10% of paid up equity shares capital of the company/ paid up value of each series of convertible debentures for purchase by NRIs (including shares/ debentures acquired by FIIs). The overall ceiling can be raised to 24% if the company concerned passes a special resolution to that effect in its general body meeting. Individually NRIs can make investments up to 5% of the paid up equity share capital / each series of convertible debentures.
