TMI BlogScheme for Investment by Qualified Foreign Investors in equity shares - [See Regulation 5(7A)]X X X X Extracts X X X X X X X X Extracts X X X X ..... New Regulations New Regulations of 2017 1 [ Schedule 8 [See Regulation 5(7A)] Scheme for Investment by Qualified Foreign Investors in equity shares Eligible Investors 1. The Schedule shall be applicable to Qualified Foreign Investors (QFIs) as defined in these regulations. Eligible instruments and eligible transactions - 2. (a). Purchase: QFIs shall be permitte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of Shares and Takeovers) Regulations, 2011; or (iii) In an open offer in accordance with the SEBI (Delisting of Securities) Guidelines, 2009; or (iv) Through buyback of shares by a listed Indian company in accordance with the SEBI (Buyback) Regulations, 1998. Pricing 3. The pricing of all eligible transactions and investment in all eligible instruments by QFIs under this scheme s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... side India. (c) The QDP will operate such non-interest bearing Rupee Accounts on behalf of the QFIs and at the instructions of the QFIs. Demat accounts 5. QFIs would be allowed to open a dedicated demat account with a QDP in India for investment in equity shares under the scheme. It is clarified that each QFI shall maintain a single demat account with a QDP for all investments in eligib ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ould have to meet eligibility criteria as prescribed by SEBI from time to time. (ii) Know Your Customer (KYC) - QDPs will ensure KYC of the QFIs as per the norms prescribed by SEBI. AD Category-I banks will also ensure KYC of the QFIs for opening and maintenance of the single non-interest bearing Rupee accounts as per the extant norms. (iii) Permissible currencies - QFIs will remit foreign i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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