GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
GENERAL OBLIGATIONS AND RESPONSIBILITIES OF DESIGNATED DEPOSITORY PARTICIPANTSSecurities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Application deficiency and rejection: incomplete or misleading FPI applications may be rejected after opportunity to rectify. An application for a certificate of registration as a foreign portfolio investor that is incomplete, false, misleading, or non-compliant is liable to be ... Summary
Application deficiency and rejection: incomplete or misleading FPI applications may be rejected after opportunity to rectify.
An application for a certificate of registration as a foreign portfolio investor that is incomplete, false, misleading, or non-compliant is liable to be rejected by the designated depository participant after giving the applicant a reasonable opportunity to be heard and to remove deficiencies; the rejection must be communicated in writing with grounds, and the applicant may seek reconsideration by the Board except where rejection arose from technical non-compliance such as missing information, documents or fees.
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