Guidelines for Foreign investment in Commodity Exchanges

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..... reign investment in Commodity Exchanges vide Press Note 2(2008) dated 12th March 2008 . As per the guidelines, a composite ceiling for foreign investment of 49% was allowed with prior Government approval, subject to the condition that investment under the Portfolio Investment Scheme will be limited to 23% and that under the FDI Scheme will be limited to 26%. Further, no foreign investor/entity in .....

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..... of the government in complying with the provisions of the Press Note within the stipulated time frame. The Government, on consideration and in order to facilitate the existing Commodity Exchanges to comply with the guidelines notified vide Press Note 2(2008) , has now decided to allow a further transition / complying/correction time to the existing Commodity exchange(s) beyond 30.09.2009. Accordi .....

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..... 99 . (Gopal Krishna ) Joint Secretary to the Government of India . D/o IPP F.No. 12(58)/2005-FC dated 26.09.2009 Copy forwarded to: 1. Press Information Officer, Press Information Bureau- for giving wide publicity to the above Press Note. 2. BE Section for uploadingthe PressNote on DlPP's website. 3. F.No.5/10/2006-FC - Circular - Trade Notice - Public Notice - I .....

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