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of <h1>SEBI Updates Guidelines: FPIs Can Now Write Off Unsellable Shares, Expanding Beyond Previous Limitations.</h1> The Securities and Exchange Board of India (SEBI) has updated its guidelines to allow Foreign Portfolio Investors (FPIs) to write off shares of any company they are unable to sell, expanding beyond the previous limitation to unlisted, illiquid, suspended, or delisted shares. This change follows stakeholder requests and requires compliance with the process outlined in paragraph 17 of Part C of the Operational Guidelines. The circular is issued under the authority of Section 11 (1) of the SEBI Act, 1992, and custodians are instructed to inform their FPI clients of this update.
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