Specification of Foreign Institutional Investors under section 115AD: notification lists SEBI registered sub account FIIs and custodians. The Central Government, exercising powers under the Explanation to section 115AD(a) of the Income-tax Act, issues a notification specifying a list of SEBI-registered Foreign Institutional Investors that act as sub-accounts of other registered FIIs, and records each named sub-account together with its global custodian or trustee to identify entities recognised for tax administration under the said provision.
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.
Specification of Foreign Institutional Investors under section 115AD: notification lists SEBI registered sub account FIIs and custodians.
The Central Government, exercising powers under the Explanation to section 115AD(a) of the Income-tax Act, issues a notification specifying a list of SEBI-registered Foreign Institutional Investors that act as sub-accounts of other registered FIIs, and records each named sub-account together with its global custodian or trustee to identify entities recognised for tax administration under the said provision.
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