Reply: The present limits for investment in stock exchanges are prescribed as under:
Securities Contracts (Regulation) (Manner of Increasing and Maintaining Public Shareholding in Recognised Stock Exchanges) Regulations, 2006 was notified on 13 November 2006 to all recognised stock exchanges.
In terms of Regulation 8 (2)(a) and (b) of the above said Regulations amended on 23 December 2008:
"(2) the combined holding of all persons resident outside India in the equity share capital of a recognised stock exchange shall not exceed, at any time, 49% of its total equity share capital, subject further to the following: