Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Foreign Portfolio Investors Must Follow Compliance Rules, Report Changes, and Meet KYC and AML Requirements Under Regulation</h1> Foreign portfolio investors are required to comply with applicable regulations, circulars, and conditions specified by the regulatory board. They must notify the board and designated depository participant in writing of any false or misleading information previously submitted, material changes in their structure, ownership, or control, and any penalties or investigations by overseas regulators. They must obtain a Permanent Account Number, adhere to Indian laws, maintain fit and proper status, conduct KYC on their shareholders, provide necessary information for anti-money laundering compliance, and ensure securities held are free of encumbrances except statutory ones. Joint account holders must individually meet these requirements. Entities with common ownership or control exceeding fifty percent are grouped for investment limits, which must be adhered to or divested within five trading days. Exceptions apply to certain public retail funds. Changes in ownership or control must be reported, and ownership information provided as required by the board. Provisions exclude investors solely in government securities under specified conditions.
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