Clarification on grant of registration as a Foreign Portfolio Investor (FPI) to Registered Foreign Venture Capital Investors (FVCI).

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....ts 2. All Registered Foreign Venture Capital Investors 3. All Approved Designated Depository Participants ("DDPs") 4. All Registered Custodians of Securities 5. All Depositories 6. All Recognized Stock Exchanges Dear Sir/ Madam, Sub: Clarification on grant of registration as a Foreign Portfolio Investor (FPI) to Registered Foreign Venture Capital Investors (FVCI). 1. SEBI h....

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....which are proposed to be invested / held under the respective registrations. 4. Accordingly, it is clarified that a DDP may consider an applicant, holding FVCI registration, for grant of registration as an FPI subject to the following: a. The applicant complies with the eligibility criteria as prescribed under the FPI Regulations. b. The funds raised, allocated and invested mu....

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..... CIR/IMD/FIIC/20/2014 dated November 24, 2014 shall be applicable. h. The applicant does not have opaque structure(s), as defined under Explanation 1 of Regulation 32(1) (f) of FPI Regulations. 5. The applicant shall be required to comply with the provisions of FPI Regulations, FVCI Regulations and the circulars etc., issued there under from time to time. 6. This circular is issued....