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<h1>SEBI 1995 Regulations: Sub-Account Registration Process, Eligibility Criteria, and Tax Benefits Explained</h1> The procedure for granting registration to sub-accounts under the Securities and Exchange Board of India (SEBI) Regulations, 1995, involves assessing relevant factors such as the applicant's category, which may include broad-based funds, proprietary funds of registered foreign institutional investors, foreign corporates, or foreign individuals. Applicants must be deemed fit and proper, and the associated Foreign Institutional Investor (FII) must hold a valid registration certificate and be authorized to invest on behalf of the sub-account. Joint undertakings and registration fees are required, and upon approval, the sub-account is considered registered for certain tax benefits under Indian law. Non-resident Indians are ineligible to apply as sub-accounts.