Foreign institutional investor eligibility expanded to include university and charitable funds, subject to registration and governance checks. Amendments permit university funds, endowments, foundations and charitable trusts or societies to seek FII registration, subject to Board assessment of existence, cross-border investment permissibility, statutory registration and absence of legal proceedings. Annexure A requires details on sponsors, objectives, activities, prior foreign securities investments, registration status, fund management and incorporation documents. The rules also create a fee exemption and refund mechanism for certain aid institutions afforded central-government privileges.