https://www.taxtmi.com/highlights?id=78928 The circular issued by SEBI on June 27, 2024, allows Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Resident Indian (RI) individuals to participate in SEBI registered Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs) in India. Amendments to the FPI Regulations, 2019 now permit up to 100% aggregate contribution by NRIs, OCIs, and RI individuals in IFSC-based FPIs regulated by IFSCA. The circular outlines conditions including submission of declarations, provision of identity documents, diversification of investments, and requirements for Investment Managers. Enforcement of the circular is immediate to safeguard investor interests and regulate the securities market. en-us Fri, 28 Jun 2024 14:14:56 +0530 Fri, 28 Jun 2024 14:14:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78928 The circular issued by SEBI on June 27, 2024, allows Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and Resident Indian (RI) individuals to participate in SEBI registered Foreign Portfolio Investors (FPIs) based in International Financial Services Centres (IFSCs) in India. Amendments to the FPI Regulations, 2019 now permit up to 100% aggregate contribution by NRIs, OCIs, and RI individuals in IFSC-based FPIs regulated by IFSCA. The circular outlines conditions including submission of declarations, provision of identity documents, diversification of investments, and requirements for Investment Managers. Enforcement of the circular is immediate to safeguard investor interests and regulate the securities market. Highlights SEBI Fri, 28 Jun 2024 14:14:56 +0530 https://www.taxtmi.com/highlights?id=78928