TMI BlogPAYMENT OF FEES APPLICABLE TO FOREIGN PORTFOLIO INVESTORX X X X Extracts X X X X X X X X Extracts X X X X ..... Conversion Fee (1) A foreign institutional investor or sub-account who has been granted registration by the Board prior to the commencement of these regulations shall be required to pay conversion fees of US $ 1000 to the Board on or before the expiry of its registration as a foreign institutional investor or sub-account, by way of electronic transfer in the designated bank account of the Bo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as applicable to Category II, except where the beneficial owner is an international/multilateral agency such as World Bank and other institutions, established outside India for providing aid, which have been granted privileges and immunities from payment of tax and duties by the Central Government. (5) Foreign portfolio investor belonging to Category II and III shall pay registration fees, bef ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ors during the immediate preceding month, to the Board, by 5th working day of every month, along with the details in the format, as may be prescribed from time to time. (9) Any foreign portfolio investor, whose registration fee has not been received by the Board within the prescribed time, shall not make any fresh investment. The concerned designated depository participant shall immediately blo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... shall pay approval fees of 3 [Rs.]5,00,000/- 4 [by way of direct credit in the bank account through NEFT/RTGS/IMPS or any other mode allowed by RBI or] by way of Demand Draft in the name of Securities and Exchange Board of India payable at Mumbai, at the time of grant of prior approval by the Board. 5 [PART C COLLECTION OF REGULATORY FEES BY FOREIGN PORTFOLIO INVESTOR FROM ODI S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ********** 1 Substituted for INR by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017. 2 Ibid. 3 Substituted for INR by the Securities and Exchange Board of India (Payment of Fees and Mode of Payment) (Amendment) Regulations, 2017, w.e.f. 6-3-2017. 4 Ibid. 5 Inserted by the Securities and Exchange Boar ..... X X X X Extracts X X X X X X X X Extracts X X X X
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