GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
Certificate rejection procedure for FPIs - applicants receive written grounds and may seek Board reconsideration within thirty days. If an FPI certificate application does not meet requirements, the designated depository participant may reject it after giving a reasonable opportunity of ... Summary
Certificate rejection procedure for FPIs - applicants receive written grounds and may seek Board reconsideration within thirty days.
If an FPI certificate application does not meet requirements, the designated depository participant may reject it after giving a reasonable opportunity of being heard and must communicate the grounds for rejection in writing; the applicant may apply to the Board for reconsideration within thirty days, and the Board will consider submissions, provide a reasonable opportunity of being heard, and convey its decision in writing.
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