Foreign Portfolio Investor derivative contracts in an International Financial Services Centre recognised as valid when regulated by the IFSC Authority. The amendment adds clause (ba) to section 18A to recognise as valid contracts in derivatives those issued by a Foreign Portfolio Investor in an International Financial Services Centre when regulated by the International Financial Services Centres Authority, and defines 'Foreign Portfolio Investor' by reference to rule 2(u) of the Foreign Exchange Management (Non-debt Instruments) Rules.
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.
Foreign Portfolio Investor derivative contracts in an International Financial Services Centre recognised as valid when regulated by the IFSC Authority.
The amendment adds clause (ba) to section 18A to recognise as valid contracts in derivatives those issued by a Foreign Portfolio Investor in an International Financial Services Centre when regulated by the International Financial Services Centres Authority, and defines "Foreign Portfolio Investor" by reference to rule 2(u) of the Foreign Exchange Management (Non-debt Instruments) Rules.
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