Securities and Exchange Board of India (Foreign Institutional Investors) (Second Amendment) Regulations, 2000 - S.O. No.946(E) - SEBI/LE/15885/2000 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 20 th October, 2000 S.O. 946(E).-- In exercise of the powers conferred by sub-section (1) of Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995, namely:-- 1. (1) These regulations may be called the Securities and Exchange Board of India (Foreign Institutional Investors) (Second Amendment) Regulations, 2000. (2) They shall come into force on the day of their publication in the Official Gazette. 2. (1) In Regulation 15, in sub-regulation (6), for the existing proviso the following new proviso shall be substituted, namely:-- Provided that in case of foreign corporates or individuals, each of such sub-account shall not invest more than 5% of the total issued capital of the company in which such investment is made. . [F. No. SEBI/LE/15885/2000] D.R. MEHTA, Chairman Foot note:- 1. SEBI (foreign Institutional Investors) Regulations, 1995 the principal regulation was published in the Gazette of India on November 14,1995, vide No. SEBI/LE/918(E). 2. SEBI (Foreign Institutional Investors) Regulations, 1995 was subsequently amended - (a) on October 9, 1996 by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 1996 vide S.O. No. 702(E). (b) on November 19,1996 by the SEBI (Foreign Institutional Investors) (Second Amendment) Regulations, 1996 vide S.O. No. 799(E). (c)on February 12, 1997 by the SEBI (Foreign Institutional Investors) ' Amendment Regulations, 1997 vide S.O. No. 105 (E). (d) on July 10, 1997 by the SEBI (Foreign Institutional Investors) Amendment Regulations, 1997 vide S.O. No. 495 (E). (c) on December 5, 1997 by me SEBI (Foreign Institutional Investors) (Third Amendment) Regulation, 1997 vide S.O. No. 823(E). (f) on April 20, 1998 by the SEBI (Foreign Institutional Invested) (Amendment) Regulations, 1998 vide S.O. No. 333(E). (g) on May 18, 1998 by the SEBI (Foreign institutional Investors) (Second Amendment) Regulations, 1998 vide S.O. No. 417 (E). (h) on June 30, 1998 by the SEBI (Foreign Institutional Investors) (Third Amendment) Regulations, 1998 vide S.O. No. 545 (E). (i) on April 16, 1999 by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 1999, vide S.O. No. 263 (E). (j) on February 29, 2000 by SEBI (Foreign Institutional Investors) (Amendment) Regulation*, 2000 vide S.O. No. 180(E).