MCV and PCC disclosure requirements: FIIs must submit declarations, undertakings and seek prior approval for structural changes. Foreign Institutional Investors and their Sub Accounts must declare whether they are a Protected Cell Company/Segregated Portfolio Company or a Multi Class Share Vehicle (or equivalent) and state whether portfolios for multiple share classes are common and satisfy the broad based criteria or are segregated with each class broad based. FIIs that are or propose to be MCVs with multiple classes must undertake to allocate common broad based portfolios or ensure each segregated class meets broad based criteria, and must obtain prior SEBI approval for any structural change or addition of share classes.
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.
MCV and PCC disclosure requirements: FIIs must submit declarations, undertakings and seek prior approval for structural changes.
Foreign Institutional Investors and their Sub Accounts must declare whether they are a Protected Cell Company/Segregated Portfolio Company or a Multi Class Share Vehicle (or equivalent) and state whether portfolios for multiple share classes are common and satisfy the broad based criteria or are segregated with each class broad based. FIIs that are or propose to be MCVs with multiple classes must undertake to allocate common broad based portfolios or ensure each segregated class meets broad based criteria, and must obtain prior SEBI approval for any structural change or addition of share classes.
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