FPI surrender guidelines require DDPs to confirm nil balances, no pending proceedings and promptly close accounts. Surrender of FPI registration requires the DDP to obtain a No Objection Certificate after confirming that the applicant's FPI accounts have nil balances and are blocked, the applicant's CP code is blocked, no dues or proceedings are pending, and thereafter to close all accounts and deactivate the CP code within ten working days of receiving the NOC.
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.
FPI surrender guidelines require DDPs to confirm nil balances, no pending proceedings and promptly close accounts.
Surrender of FPI registration requires the DDP to obtain a No Objection Certificate after confirming that the applicant's FPI accounts have nil balances and are blocked, the applicant's CP code is blocked, no dues or proceedings are pending, and thereafter to close all accounts and deactivate the CP code within ten working days of receiving the NOC.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
