Limits

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..... transferred to foreign depositories for issue of depository receipts, along with permissible securities already held by persons resident outside India, shall not exceed the limit on foreign holding o .....

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..... ored or unsponsored, cannot exceed x%. 2. The depository receipts may be converted to underlying permissible securities and vice versa, subject to the limit in sub-paragraph 1. - - statute, sta .....

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