Scheme for Investment by Qualified Foreign Investors in equity shares - [See Regulation 5(7A)]

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....en superseded vide New Regulations New Regulations of 2017 ^1[Schedule 8 [See Regulation 5(7A)] Scheme for Investment by Qualified Foreign Investors in equity shares Eligible Investors 1. The Schedule shall be applicable to Qualified Foreign Investors (QFIs) as defined in these regulations. Eligible instruments and eligible transactions - 2. (a). Purchase: QFIs shall be per....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....pen offer in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011; or (iii) In an open offer in accordance with the SEBI (Delisting of Securities) Guidelines, 2009; or (iv) Through buyback of shares by a listed Indian company in accordance with the SEBI (Buyback) Regulations, 1998. Pricing 3. The pricing of all eligible tran....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....be utilized for purchase of eligible securities for QFIs or for remittance (net of taxes) outside India. (c) The QDP will operate such non-interest bearing Rupee Accounts on behalf of the QFIs and at the instructions of the QFIs. Demat accounts 5. QFIs would be allowed to open a dedicated demat account with a QDP in India for investment in equity shares under the scheme. It is ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ve Indian companies (receiving such investment) 7. Other conditions (i)  Eligibility - QFI would have to meet eligibility criteria as prescribed by SEBI from time to time. (ii) Know Your Customer (KYC) - QDPs will ensure KYC of the QFIs as per the norms prescribed by SEBI. AD Category-I banks will also ensure KYC of the QFIs for opening and maintenance of the single non-i....