Foreign portfolio investor fees and registration rules are revised with rupee-equivalent substitutions, remittance timing changes, and new disclosure details. Amendment regulations revise the Foreign Portfolio Investors framework by removing a specified fee reference, substituting several fee amounts with rupee-equivalent amounts in eligible foreign exchange, and updating the timing and manner of fee remittance by designated depository participants. The amendments also require payment prior to grant of registration and add a schedule entry for the foreign portfolio investor's date of birth, incorporation, agreement, partnership deed, trust deed, or formation details.
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Foreign portfolio investor fees and registration rules are revised with rupee-equivalent substitutions, remittance timing changes, and new disclosure details.
Amendment regulations revise the Foreign Portfolio Investors framework by removing a specified fee reference, substituting several fee amounts with rupee-equivalent amounts in eligible foreign exchange, and updating the timing and manner of fee remittance by designated depository participants. The amendments also require payment prior to grant of registration and add a schedule entry for the foreign portfolio investor's date of birth, incorporation, agreement, partnership deed, trust deed, or formation details.
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