Application completeness requirement: deficient or misleading FPI applications may be rejected, but applicants get a reasonable chance to cure defects. An application for registration as a foreign portfolio investor that is incomplete or contains material false or misleading information shall be deemed deficient and liable to rejection by the designated depository participant; however, before rejecting such application the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by the designated depository participant.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application completeness requirement: deficient or misleading FPI applications may be rejected, but applicants get a reasonable chance to cure defects.
An application for registration as a foreign portfolio investor that is incomplete or contains material false or misleading information shall be deemed deficient and liable to rejection by the designated depository participant; however, before rejecting such application the applicant must be given a reasonable opportunity to remove the deficiency within the time specified by the designated depository participant.
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