TMI BlogProcedure and grant of registration of sub-accounts.X X X X Extracts X X X X X X X X Extracts X X X X ..... relevant to the grant of such registration to the sub-account and in particular the following, namely:- 1 [ (a) the applicant falls into any of the following categories, namely:- (i) broad based fund or portfolio which is broad based, incorporated or established outside India; or (ii) proprietary fund of a registered foreign institutional investor; or (iii) foreign corporate; ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... than fifty million US dollars; (ii) holds the passport of a foreign country for a period of at least five years preceding the date of application; (iii) holds a certificate of good standing from a bank; (iv) is the client of the foreign institutional investor or any other entity which belongs to the same group as the foreign institutional investor, for a period of at least three years pre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ) the applicant and the Foreign Institutional through whom the application for registration of sub-account is made, have submitted joint undertakings as required by Form AA of the First Schedule;] 4 [(ee) Omitted by the SEBI (Foreign Institutional Investors) (Second Amendment) Regulations, 2006 w.e.f. 21-8-2006.] f) The sub-account has paid registration fees in accordance with the Second ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ad as under: ` (a) the applicant is an institution or fund or portfolio established or incorporated outside India and proposes to make investment in India; (b) the applicant is a broad based fund or proprietary fund or a foreign corporate or individual ; Provided that a non-resident Indian or an overseas corporate body registered with Reserve Bank of India shall not be eligible to in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... , inserted by the SEBI (Foreign Institutional Investors) Amendment Regulations, 2000, w.e.f. 29-2-2000, read as under. In case the sub-account is a foreign corporate or individual, the foreign institutional investor, through whom the application for registration is made, shall furnish information and undertaking as specified in para 3 of Annexure B to Form A of the First Schedule; 5. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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