SWAGAT FI: trusted foreign investor category exempt from certain registration provisions and subject to ten year renewal fee blocks. The amendments add the term SWAGAT-FI and treat such entities as a distinct category: sub regulation (2) of regulation 3 is not applicable to SWAGAT FIs, investment limits of 66.67% and 33.33% in regulation 11(c) do not apply to them, and renewal fees for SWAGAT FIs must be paid in ten year blocks from the beginning of the eleventh year with advance collection required for each block to keep registration in force.
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.
SWAGAT FI: trusted foreign investor category exempt from certain registration provisions and subject to ten year renewal fee blocks.
The amendments add the term SWAGAT-FI and treat such entities as a distinct category: sub regulation (2) of regulation 3 is not applicable to SWAGAT FIs, investment limits of 66.67% and 33.33% in regulation 11(c) do not apply to them, and renewal fees for SWAGAT FIs must be paid in ten year blocks from the beginning of the eleventh year with advance collection required for each block to keep registration in force.
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