Registration renewal procedures require timely application or Board permission to disinvest securities upon non-renewal by investor. Regulation 9 required a Foreign Institutional Investor seeking renewal to apply three months before certificate expiry in Form A. If an investor did not seek renewal or failed to apply, it had to obtain specific Board permission to disinvest securities held on its own account or on behalf of sub-accounts within a stipulated period, subject to terms and conditions specified by the Board.
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.
Registration renewal procedures require timely application or Board permission to disinvest securities upon non-renewal by investor.
Regulation 9 required a Foreign Institutional Investor seeking renewal to apply three months before certificate expiry in Form A. If an investor did not seek renewal or failed to apply, it had to obtain specific Board permission to disinvest securities held on its own account or on behalf of sub-accounts within a stipulated period, subject to terms and conditions specified by the Board.
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