Regulatory fee collection by foreign portfolio investors from ODI subscribers must be remitted electronically on a triennial basis. Foreign portfolio investors issuing offshore derivative instruments must collect a prescribed regulatory fee from every ODI subscriber and deposit it with the Board by electronic transfer into the designated bank account. The fee is payable in eligible foreign exchange equivalent at the specified amount, or such other amount as may be determined by the Board from time to time. The fee is to be deposited once every three years, commencing from 1 April 2017.
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.
Regulatory fee collection by foreign portfolio investors from ODI subscribers must be remitted electronically on a triennial basis.
Foreign portfolio investors issuing offshore derivative instruments must collect a prescribed regulatory fee from every ODI subscriber and deposit it with the Board by electronic transfer into the designated bank account. The fee is payable in eligible foreign exchange equivalent at the specified amount, or such other amount as may be determined by the Board from time to time. The fee is to be deposited once every three years, commencing from 1 April 2017.
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