Foreign Portfolio Investor eligibility expanded to include entities from countries specified by government order or by international treaty. The amendment inserts into regulation 5(a)(iv) a provision permitting FPIs to be accepted not only from member countries but also from any country specified by the Central Government by an order or by way of an agreement or treaty with other sovereign governments, thereby providing an alternative route for jurisdictional recognition for FPI eligibility.
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 Portfolio Investor eligibility expanded to include entities from countries specified by government order or by international treaty.
The amendment inserts into regulation 5(a)(iv) a provision permitting FPIs to be accepted not only from member countries but also from any country specified by the Central Government by an order or by way of an agreement or treaty with other sovereign governments, thereby providing an alternative route for jurisdictional recognition for FPI eligibility.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
