Registration for the purpose of Foreign Accounts Tax Compliance Act (FATCA)

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....the captioned subject. 2. The Government of India has informed SEBI vide communication dated December 30, 2014 that as per the FAQ published on the US Internal Revenue Service (IRS) website, Foreign Financial Institutions (FFIs) in Model 1 jurisdictions need to register with the US IRS and obtain a Global Intermediary Identification Number (GIIN) before January 01, 2015, or at the earliest, in or....

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....ard of India Act, 1992 (SEBI Act). Yours faithfully, Krishnanand Raghavan General Manager 022-26449632 Email: [email protected] Annexure: as above Copy to: All Recognized Stock Exchanges & Depositories - To bring the contents of this Circular to the notice of the Stock Brokers, Depository Participants, as the case may be, and also disseminate the same on their websites. Annexure F....

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.... FFI only if the withholding agent has a withholding certificate identifying the payee as a registered deemed compliant FFI and the withholding certificate contains a GIIN for the payee that is verified in the manner described in those regulations. Thus, to avoid withholding on certain payments made on or after January 1, 2015, a reporting Model 1 FFI should register and obtain a GIIN to properly ....