Investment restrictions: foreign institutional investors must satisfy prescribed equity allocation and trading, registration and settlement conditions. Regulation 15 limits Foreign Institutional Investors to specified instruments - primary and secondary market securities, mutual fund units, government dated securities, exchange traded derivatives, commercial paper, security receipts and Indian depository receipts - and requires that at least seventy percent of an FII's aggregate investments in India be in equity and equity related instruments, subject to Board approval and carve outs for certain debt investments and security receipts. It also imposes settlement, dematerialisation, registration and shareholding limits, sub account disclosure obligations, and allows securities lending/borrowing under Board framework.
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.
Investment restrictions: foreign institutional investors must satisfy prescribed equity allocation and trading, registration and settlement conditions.
Regulation 15 limits Foreign Institutional Investors to specified instruments - primary and secondary market securities, mutual fund units, government dated securities, exchange traded derivatives, commercial paper, security receipts and Indian depository receipts - and requires that at least seventy percent of an FII's aggregate investments in India be in equity and equity related instruments, subject to Board approval and carve outs for certain debt investments and security receipts. It also imposes settlement, dematerialisation, registration and shareholding limits, sub account disclosure obligations, and allows securities lending/borrowing under Board framework.
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