Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors – Bank account details to which the payment is to be done electronically
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Payment remittance account update for foreign SEBI fee transfers: new designated bank account for electronic remittances. Bank account details in Annexure D of the Operational Guidelines are amended to designate a specific account for foreign inward remittances of regulatory fees in US dollars, including bank name and branch, account number, IFSC, MICR and SWIFT codes, to facilitate faster confirmation of remittances by intermediaries; all other provisions remain unchanged and the circular is issued under the authority's regulatory powers.
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Payment remittance account update for foreign SEBI fee transfers: new designated bank account for electronic remittances.
Bank account details in Annexure D of the Operational Guidelines are amended to designate a specific account for foreign inward remittances of regulatory fees in US dollars, including bank name and branch, account number, IFSC, MICR and SWIFT codes, to facilitate faster confirmation of remittances by intermediaries; all other provisions remain unchanged and the circular is issued under the authority's regulatory powers.
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