Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014 Chapter V GENERAL OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS
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Appointment of designated bank required before investments: FPIs must open foreign currency and special non-resident rupee accounts. Foreign portfolio investors must appoint a branch of a bank authorised to open foreign currency denominated accounts and a special non-resident rupee account as a pre-investment compliance obligation, and must do so before making any investments in India.
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.
Appointment of designated bank required before investments: FPIs must open foreign currency and special non-resident rupee accounts.
Foreign portfolio investors must appoint a branch of a bank authorised to open foreign currency denominated accounts and a special non-resident rupee account as a pre-investment compliance obligation, and must do so before making any investments in India.
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