Grandfathering of ODI positions permits continued holdings under FPI regime subject to eligibility and Regulation 22 compliance. ODI subscribers who held positions under the FII regime may continue under the FPI regime only if they comply with Regulation 22 and meet eligibility criteria in SEBI circular CIR/IMD/FIIC/20/2014 and other SEBI norms; non compliant entities, including certain unregulated funds, may only hold existing positions until expiry or until the specified cut off, and cannot take fresh positions or renew old ones. Fresh ODIs may be issued only to entities meeting the same eligibility and compliance conditions.
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.
Grandfathering of ODI positions permits continued holdings under FPI regime subject to eligibility and Regulation 22 compliance.
ODI subscribers who held positions under the FII regime may continue under the FPI regime only if they comply with Regulation 22 and meet eligibility criteria in SEBI circular CIR/IMD/FIIC/20/2014 and other SEBI norms; non compliant entities, including certain unregulated funds, may only hold existing positions until expiry or until the specified cut off, and cannot take fresh positions or renew old ones. Fresh ODIs may be issued only to entities meeting the same eligibility and compliance conditions.
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