https://www.taxtmi.com/notifications?id=25207 A Qualified Foreign Investor (QFI) is defined by residency and compliance criteria tied to FATF and IOSCO cooperation, KYC requirements, and exclusions for jurisdictions with strategic AML/CFT deficiencies, residents of India, and entities already registered as FIIs, Sub Accounts of FIIs or FVCIs. A QFI may open a single non interest bearing Rupee account with an Authorised Dealer without prior Reserve Bank approval solely to route receipts and payments for purchase and sale of eligible securities, subject to funding by inward remittance or sale proceeds, restricted uses for purchase or outward remittance, and operation by Qualified Depository Participants under securities regulator norms. en-us Fri, 19 Oct 2012 00:00:00 +0530 Fri, 18 Apr 2014 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=25207 A Qualified Foreign Investor (QFI) is defined by residency and compliance criteria tied to FATF and IOSCO cooperation, KYC requirements, and exclusions for jurisdictions with strategic AML/CFT deficiencies, residents of India, and entities already registered as FIIs, Sub Accounts of FIIs or FVCIs. A QFI may open a single non interest bearing Rupee account with an Authorised Dealer without prior Reserve Bank approval solely to route receipts and payments for purchase and sale of eligible securities, subject to funding by inward remittance or sale proceeds, restricted uses for purchase or outward remittance, and operation by Qualified Depository Participants under securities regulator norms. Notifications FEMA Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25207