Qualified Foreign Investors (QFIS) Allowed to Directly Invest in Indian Equity Market; Scheme to Help Increase the Depth of the Indian Market and in Combating Volatility Beside Increasing Foreign Inflows into the County

Qualified Foreign Investors (QFIS) Allowed to Directly Invest in Indian Equity Market; Scheme to Help Increase the Depth of the Indian Market and in Combating Volatility Beside Increasing Foreign Inflows into the County https://www.taxtmi.com/news?id=2637 Qualified Foreign Investors may directly invest in Indian equities under the Portfolio Investment Scheme with Central Bank general permission. QFIs, resident in FATF compliant and IOSCO MoU signatory jurisdictions and excluding FIIs/sub accounts, face individual and aggregate limits of 5% and 10% of paid up capital respectively, in addition to existing investor ceilings. Investments must be routed through a SEBI registered Qualified Depository Participant, with a single demat and trading account, remittance into a single rupee pool account, DP responsibility for KYC, execution and tax deduction, and comparable risk management, margining and taxation; regulators will issue operational circulars. en-us Mon, 02 Jan 2012 10:35:16 +0530 Mon, 02 Jan 2012 10:35:16 +0530 TaxTMI RSS Generator Qualified Foreign Investors (QFIS) Allowed to Directly Invest in Indian Equity Market; Scheme to Help Increase the Depth of the Indian Market and in Combating Volatility Beside Increasing Foreign Inflows into the County https://www.taxtmi.com/news?id=2637 Qualified Foreign Investors may directly invest in Indian equities under the Portfolio Investment Scheme with Central Bank general permission. QFIs, resident in FATF compliant and IOSCO MoU signatory jurisdictions and excluding FIIs/sub accounts, face individual and aggregate limits of 5% and 10% of paid up capital respectively, in addition to existing investor ceilings. Investments must be routed through a SEBI registered Qualified Depository Participant, with a single demat and trading account, remittance into a single rupee pool account, DP responsibility for KYC, execution and tax deduction, and comparable risk management, margining and taxation; regulators will issue operational circulars. News - Mon, 02 Jan 2012 10:35:16 +0530 https://www.taxtmi.com/news?id=2637