Maintenance of proper books of accounts requires FIIs to retain specific investment and remittance records and notify the regulator of their location. Regulation 18 requires Foreign Institutional Investors to maintain true and fair accounts documenting remittance of initial corpus, remittances to India ... Summary
Maintenance of proper books of accounts requires FIIs to retain specific investment and remittance records and notify the regulator of their location.
Regulation 18 requires Foreign Institutional Investors to maintain true and fair accounts documenting remittance of initial corpus, remittances to India for investments, realisation of capital gains, bank statements, contract notes for purchase and sale of securities, and communications with the domestic custodian; FIIs must notify the regulator in writing of the place where such books, records and documents will be kept or maintained.
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