https://www.taxtmi.com/circulars?id=58435 Revised eligibility for a SEBI-registered Depository Participant to act as a qualified Depository Participant requires minimum net worth of Rs. 50 crore; status as a clearing bank or clearing member; appropriate receipt/remittance arrangements with an Authorised Dealer Category I bank; systems to comply with FATF and PMLA requirements and SEBI circulars; and prior SEBI approval before opening QFI accounts. The circular also sets the maximum retention period for QFI funds in the single rupee pooled account and for dividend remittances at five working days, permitting use of credited dividends for fresh mutual fund purchases within that period. en-us Wed, 25 Jan 2012 00:00:00 +0530 Wed, 19 Dec 2018 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58435 Revised eligibility for a SEBI-registered Depository Participant to act as a qualified Depository Participant requires minimum net worth of Rs. 50 crore; status as a clearing bank or clearing member; appropriate receipt/remittance arrangements with an Authorised Dealer Category I bank; systems to comply with FATF and PMLA requirements and SEBI circulars; and prior SEBI approval before opening QFI accounts. The circular also sets the maximum retention period for QFI funds in the single rupee pooled account and for dividend remittances at five working days, permitting use of credited dividends for fresh mutual fund purchases within that period. Circulars SEBI Wed, 25 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58435