Section 10: Trading in Securities May be Made

1) An institutional foreign investor establishing a venture capital fund pursuant to Section 9 shall have to be registered in the Securities Board for trading in securities.

2) The foreign investor registered in the Securities Board pursuant to sub-section (1) may, through the secondary securities market, trade in securities of an industry in which foreign investment may be made pursuant to this Act.

3) In carrying on trading in securities pursuant to sub-section (2), the minimum number of securities to be purchased, the ceiling of investment, the minimum period for which it has to hold the securities after the purchase, a reserve fund to be held in foreign currency for purchasing securities and other provisions related thereto shall be as prescribed.