https://www.taxtmi.com/circulars?id=67870 SEBI permits IFSC based FPIs to have aggregate participation by NRIs/OCIs/RIs above a majority threshold while maintaining that any single NRI/OCI/RI contribution stays below a specified cap, conditioned on compliance with the SEBI FPI Regulations and the Master Circular; this is implemented by adding an option in Section B-II of the Annexure to the CAF and by requiring submission of a prescribed declaration and constituent schedules (including PAN or alternative documents and look through details) as set out in Annexure 1. en-us Tue, 22 Oct 2024 00:00:00 +0530 Thu, 24 Oct 2024 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67870 SEBI permits IFSC based FPIs to have aggregate participation by NRIs/OCIs/RIs above a majority threshold while maintaining that any single NRI/OCI/RI contribution stays below a specified cap, conditioned on compliance with the SEBI FPI Regulations and the Master Circular; this is implemented by adding an option in Section B-II of the Annexure to the CAF and by requiring submission of a prescribed declaration and constituent schedules (including PAN or alternative documents and look through details) as set out in Annexure 1. Circulars SEBI Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67870