Guidelines for participation/functioning of Eligible Foreign Investors (EFIs) and FPIs in International Financial Services Centre (IFSC)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2. All Foreign Portfolio Investors ( FPIs ) through their Designated Depository Participants ( DDPs )/ Custodian of Securities ( Custodians ). 3. All DDPs/ Custodian of Securities. 4. The Depositories (NSDL and CDSL) Sir/ Madam, SUBJECT: Guidelines for participation/functioning of Eligible Foreign Investors (EFIs) and FPIs in International Financial Services Centre (IFSC). 1 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ( FPIs ), proposing to operate in IFSC, shall be permitted, without undergoing any additional documentation and/or prior approval process. b. In case of participation of FPIs in IFSC, a trading member of the recognized stock exchange in IFSC, may rely upon the due diligence process already carried out by a SEBI registered intermediary during the course of registration and account opening proce .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be called upon by SEBI/RBI or any other authority of law. f. EFIs shall abide by all the applicable Indian laws viz. Rules/Regulations/Circulars/Guidelines etc. in IFSC issued by the Government of India/RBI/SEBI or any other authority of law, from time to time. g. It has now been decided to delete the words a foreign portfolio investor, in the definition of the term intermediary in clau .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X