FDI allowed in Credit Information Companies and Commodity Exchanges
It has been decided in consultation with the Government of India to allow foreign investment in Credit Information Companies in compliance with the Credit Information Companies (Regulations) Act 2005 and subject to the following :
i ) The aggregate Foreign Investment in Credit Information Companies would be 49%.
ii) Foreign Investment upto 49% would be allowed only with the prior approval of FIPB and regulatory clearance from RBI.
iii) Investment by SEBI Registered FIIs would be permitted only through purchases in the secondary market to an extent of 24%.
iv) Investment by SEBI Registered FIIs would be within the overall limit of 49% for Foreign Investment.
v) No FII can individually hold directly or indirectly more than 10% of the equity .
Also FDI has been allowed in commodity exchanges subject to certain conditions.
Circular No 40/ RBI and 41/RBI both dated 28 th April 2008