https://www.taxtmi.com/circulars?id=58333 Amendment revises the Qualified Foreign Investor definition to align "person" and "resident in India" with the Income Tax Act and requires QFIs to be resident in FATF-member jurisdictions and IOSCO MMOU signatory jurisdictions or those with bilateral MOUs with SEBI; exclusions include jurisdictions with FATF countermeasures, residents of India, and entities already registered with SEBI. QFIs may invest in debt mutual fund schemes holding at least 25% in infrastructure within the aggregate investment ceiling, may invest without prior approval until aggregate investment reaches 90% of the ceiling, and thereafter become subject to prior approval, monitoring and reporting; QFIs must comply with FEMA. en-us Fri, 20 Jul 2012 00:00:00 +0530 Sat, 15 Dec 2018 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58333 Amendment revises the Qualified Foreign Investor definition to align "person" and "resident in India" with the Income Tax Act and requires QFIs to be resident in FATF-member jurisdictions and IOSCO MMOU signatory jurisdictions or those with bilateral MOUs with SEBI; exclusions include jurisdictions with FATF countermeasures, residents of India, and entities already registered with SEBI. QFIs may invest in debt mutual fund schemes holding at least 25% in infrastructure within the aggregate investment ceiling, may invest without prior approval until aggregate investment reaches 90% of the ceiling, and thereafter become subject to prior approval, monitoring and reporting; QFIs must comply with FEMA. Circulars SEBI Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58333