Reference to Circular no. FITTC/FII/02/2002 dated May 15, 2002- In regard to credit of proceeds due to write off of securities held by Foreign Portfolio Investors/deemed Foreign Portfolio Investors
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Proceeds from written-off FPI securities must be credited to the Investor Protection and Education Fund within prescribed period. Proceeds from sale of securities written off relating to Foreign Portfolio Investors where custodians cannot identify claimants must be credited to the Investor Protection and Education Fund of SEBI within the prescribed short period after receipt; corporate benefits in securities must be reported to SEBI, and corporate cash benefits must be credited to the same Fund within the prescribed short period.
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.
Proceeds from written-off FPI securities must be credited to the Investor Protection and Education Fund within prescribed period.
Proceeds from sale of securities written off relating to Foreign Portfolio Investors where custodians cannot identify claimants must be credited to the Investor Protection and Education Fund of SEBI within the prescribed short period after receipt; corporate benefits in securities must be reported to SEBI, and corporate cash benefits must be credited to the same Fund within the prescribed short period.
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