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        SEBI

        Securities and Exchange Board of India (Foreign Institutional Investors) Amendment Regulations, 1997. - S.O. No.105(E) - SEBI/LE/XII (3)/516/97 - SEBI

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        Foreign Institutional Investor rules broadened to include proprietary funds and treat related government securities as debt. Amendments expressly recognise proprietary funds by inserting 'and its proprietary funds, if any' into specified sub clauses of Regulation 6 and adding 'or proprietary fund' to Regulation 13(1)(b), thereby extending classification and eligibility references from broad based funds to proprietary funds. An Explanation appended to Regulation 15(2) clarifies that the term 'debt securities' for the provisos includes related Government securities. The regulations are cited as the SEBI (Foreign Institutional Investors) Amendment Regulations, 1997 and commence on publication in the Official Gazette.
                      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.

                            Foreign Institutional Investor rules broadened to include proprietary funds and treat related government securities as debt.

                            Amendments expressly recognise proprietary funds by inserting "and its proprietary funds, if any" into specified sub clauses of Regulation 6 and adding "or proprietary fund" to Regulation 13(1)(b), thereby extending classification and eligibility references from broad based funds to proprietary funds. An Explanation appended to Regulation 15(2) clarifies that the term "debt securities" for the provisos includes related Government securities. The regulations are cited as the SEBI (Foreign Institutional Investors) Amendment Regulations, 1997 and commence on publication in the Official Gazette.


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