Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Multiple Investment Managers registrations permitted for FPIs; separate DDP appointments allowed, but investments will be clubbed for limit monitoring. A foreign portfolio investor using a Multiple Investment Managers structure may obtain separate FPI registrations naming each investment manager and may appoint different Designated Depository Participants for each registration; however, investments under those multiple registrations will be aggregated for monitoring investment limits.
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.
Multiple Investment Managers registrations permitted for FPIs; separate DDP appointments allowed, but investments will be clubbed for limit monitoring.
A foreign portfolio investor using a Multiple Investment Managers structure may obtain separate FPI registrations naming each investment manager and may appoint different Designated Depository Participants for each registration; however, investments under those multiple registrations will be aggregated for monitoring investment limits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.