Foreign portfolio investor rules: tightened control and contribution limits with sanctions and compliance-triggered liquidation measures. Amendments redefine control to include rights to appoint majority directors or control management or policy decisions, and define Investment Manager. They impose contribution and control thresholds for non-resident Indians, overseas citizens of India and resident Indians in the corpus of applicants or existing foreign portfolio investors, provide exceptions for certain offshore funds and regulated investment managers, require clearance from sanctions lists and FATF-identified high-risk jurisdictions, prescribe transitional cure periods with prohibition on fresh purchases and mandatory liquidation for non-compliance, expand disclosure of changes in structure, ownership or control, and mandate clubbing of investment limits for entities with common ownership or control subject to specified exceptions.
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Foreign portfolio investor rules: tightened control and contribution limits with sanctions and compliance-triggered liquidation measures.
Amendments redefine control to include rights to appoint majority directors or control management or policy decisions, and define Investment Manager. They impose contribution and control thresholds for non-resident Indians, overseas citizens of India and resident Indians in the corpus of applicants or existing foreign portfolio investors, provide exceptions for certain offshore funds and regulated investment managers, require clearance from sanctions lists and FATF-identified high-risk jurisdictions, prescribe transitional cure periods with prohibition on fresh purchases and mandatory liquidation for non-compliance, expand disclosure of changes in structure, ownership or control, and mandate clubbing of investment limits for entities with common ownership or control subject to specified exceptions.
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