https://www.taxtmi.com/circulars?id=58133 FPIs may issue ODIs only to subscribers who satisfy FPI eligibility criteria, including regulator MoU membership, BIS membership for banks, and exclusion of FATF identified jurisdictions, and only to subscribers without opaque structures. Investment restrictions applicable to FPIs apply to ODI subscribers, with aggregation of holdings where common beneficial ownership exists and where investors hold both FPI and ODI positions. FPIs must implement systems to ensure compliance; existing non compliant ODI positions may continue until expiry but cannot be renewed, and fresh issuance is permitted only to eligible subscribers complying with regulatory norms. en-us Mon, 24 Nov 2014 00:00:00 +0530 Mon, 10 Dec 2018 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58133 FPIs may issue ODIs only to subscribers who satisfy FPI eligibility criteria, including regulator MoU membership, BIS membership for banks, and exclusion of FATF identified jurisdictions, and only to subscribers without opaque structures. Investment restrictions applicable to FPIs apply to ODI subscribers, with aggregation of holdings where common beneficial ownership exists and where investors hold both FPI and ODI positions. FPIs must implement systems to ensure compliance; existing non compliant ODI positions may continue until expiry but cannot be renewed, and fresh issuance is permitted only to eligible subscribers complying with regulatory norms. Circulars SEBI Mon, 24 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58133