FEMA (Transfer or Issue Of Security By A Person Resident Outside India) - Sixth Amendment – Amendment In Regulations 2, 5, 10, 12 And Schedules 1, 2, 5, 6 & 7

FEMA (Transfer or Issue Of Security By A Person Resident Outside India) - Sixth Amendment – Amendment In Regulations 2, 5, 10, 12 And Schedules 1, 2, 5, 6 & 7 https://www.taxtmi.com/notifications?id=25208 The amendments create and define the Qualified Foreign Investor (QFI) category with eligibility linked to FATF/IOSCO adherence and SEBI KYC, integrate QFIs across the Regulations, permit QFI investments in specified rupee denominated mutual fund units and, under Schedule 8, in listed equity subject to SEBI pricing rules, require a single demat account and single non interest bearing rupee account for QFI transactions, and strengthen reporting, pricing certification and AD bank/KYC obligations while maintaining existing FDI sectoral caps and prohibitions. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 08 Apr 2014 09:19:00 +0530 TaxTMI RSS Generator FEMA (Transfer or Issue Of Security By A Person Resident Outside India) - Sixth Amendment – Amendment In Regulations 2, 5, 10, 12 And Schedules 1, 2, 5, 6 & 7 https://www.taxtmi.com/notifications?id=25208 The amendments create and define the Qualified Foreign Investor (QFI) category with eligibility linked to FATF/IOSCO adherence and SEBI KYC, integrate QFIs across the Regulations, permit QFI investments in specified rupee denominated mutual fund units and, under Schedule 8, in listed equity subject to SEBI pricing rules, require a single demat account and single non interest bearing rupee account for QFI transactions, and strengthen reporting, pricing certification and AD bank/KYC obligations while maintaining existing FDI sectoral caps and prohibitions. Notifications FEMA Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25208