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of <h1>FIIs Must Meet SEBI Conditions: Report Changes, Appoint Custodians, Register Sub-Accounts Before Investing in India.</h1> The grant of a certificate to Foreign Institutional Investors (FIIs) by the Securities and Exchange Board of India (SEBI) is contingent upon several conditions. FIIs must comply with the regulations, promptly report any false or misleading information previously submitted, and inform SEBI of any material changes affecting the certificate. They are required to appoint a domestic custodian and establish agreements for custodial services and banking arrangements for special non-resident accounts before investing in India. Additionally, FIIs must register any sub-accounts under these regulations before making investments on their behalf.
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