9911796707
TMI BlogCertificate of registrationX X X X Extracts X X X X X X X X Extracts X X X X ..... in the First Schedule to an applicant if it is satisfied that the applicant is eligible and fulfils the requirements as specified in these regulations. (2) The designated depository participant shall endeavour to dispose of the application for grant of certificate of registration as soon as possible but not later than thirty days after receipt of application by the designated depository particip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... whose certificate of registration is not valid as on the date of commencement of the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2024 and is holding securities or derivatives in India, shall be allowed to sell such securities or wind up their open position in derivatives in India within three hundred and sixty days from the date of commencement of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s to hold securities or derivatives in India, it shall be allowed to sell such securities or wind up their open position in derivatives in India within three hundred and sixty days from the date of expiry of thirty days as provided above, under such terms and conditions and in such manner as may be specified by the Board, from time to time. (7) The additional period granted under sub-regulations ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as read as,
"Provided that a foreign portfolio investor whose registration is not valid and who is holding securities or derivatives in India shall be allowed to sell such securities or wind up their open position in derivatives within one year from the date of publication of these regulations."
3.
Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/183 dated 31-05-2024
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