NRI/OCI/RI participation flexibility permits IFSC-based FPIs majority ownership subject to single-investor cap and regulatory compliance. SEBI permits IFSC based FPIs to have aggregate participation by NRIs/OCIs/RIs above a majority threshold while maintaining that any single NRI/OCI/RI contribution stays below a specified cap, conditioned on compliance with the SEBI FPI Regulations and the Master Circular; this is implemented by adding an option in Section B-II of the Annexure to the CAF and by requiring submission of a prescribed declaration and constituent schedules (including PAN or alternative documents and look through details) as set out in Annexure 1.
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.
NRI/OCI/RI participation flexibility permits IFSC-based FPIs majority ownership subject to single-investor cap and regulatory compliance.
SEBI permits IFSC based FPIs to have aggregate participation by NRIs/OCIs/RIs above a majority threshold while maintaining that any single NRI/OCI/RI contribution stays below a specified cap, conditioned on compliance with the SEBI FPI Regulations and the Master Circular; this is implemented by adding an option in Section B-II of the Annexure to the CAF and by requiring submission of a prescribed declaration and constituent schedules (including PAN or alternative documents and look through details) as set out in Annexure 1.
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