https://www.taxtmi.com/circulars?id=2048 SEBI registered FIIs and approved sub accounts may invest in equities, convertible debentures, mutual fund units, dated Government securities, Treasury Bills and exchange traded derivatives under PIS, using a Foreign Currency Account and/or a Special Non Resident Rupee Account; transactions are permitted on exchange at market prices or off market at SEBI/RBI approved prices, subject to tax compliance, ownership ceilings (10% per FII/sub account, 5% per foreign corporate/individual within aggregate caps), a 70:30 equity debt allocation guideline, prohibition on short selling, adherence to SEBI position limits for derivatives, margin requirements, and daily reporting to RBI. en-us Wed, 17 Dec 2003 00:00:00 +0530 Sat, 04 Oct 2008 10:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2048 SEBI registered FIIs and approved sub accounts may invest in equities, convertible debentures, mutual fund units, dated Government securities, Treasury Bills and exchange traded derivatives under PIS, using a Foreign Currency Account and/or a Special Non Resident Rupee Account; transactions are permitted on exchange at market prices or off market at SEBI/RBI approved prices, subject to tax compliance, ownership ceilings (10% per FII/sub account, 5% per foreign corporate/individual within aggregate caps), a 70:30 equity debt allocation guideline, prohibition on short selling, adherence to SEBI position limits for derivatives, margin requirements, and daily reporting to RBI. Circulars FEMA Wed, 17 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2048