GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTS - Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014
FPI registration fee rules require payment and collection by depository participants, with nonpayment triggering account blocking.
Schedule II establishes fee obligations for Foreign Portfolio Investors and designated depository participants: conversion fees for pre-2014 registrants with limited exemptions; category-based registration fee rules (Category I exemption, Category II/III payment obligations, special rules where FPIs share common ownership); DDPs' duty to collect fees triennially, remit monthly to the Board in prescribed format, and block accounts for nonpayment; DDP application and approval fee requirements; and an FPI-collected regulatory fee on offshore derivative instrument subscribers deposited with the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.