https://www.taxtmi.com/circulars?id=67900 Procedure requires an FPI (with its investor group) reaching ten percent or more of a company's fully diluted paid-up equity to follow FEMA rules to reclassify as FDI; upon notice the custodian must report to the Board and freeze purchase transactions until reclassification completes, and custodians shall transfer securities from FPI demat accounts to FDI demat accounts only after RBI-prescribed reporting for reclassification is complete. en-us Mon, 11 Nov 2024 00:00:00 +0530 Mon, 11 Nov 2024 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67900 Procedure requires an FPI (with its investor group) reaching ten percent or more of a company's fully diluted paid-up equity to follow FEMA rules to reclassify as FDI; upon notice the custodian must report to the Board and freeze purchase transactions until reclassification completes, and custodians shall transfer securities from FPI demat accounts to FDI demat accounts only after RBI-prescribed reporting for reclassification is complete. Circulars SEBI Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67900