Additional information regarding PCC, MCV or equivalent structure by FIIs

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....he constitution of Foreign Institutional Investors (FII) and Sub Accounts (SA), it has been decided to gather additional information pertaining to their structure. 2. In view of the above, all applications submitted for registration w.e.f April 07, 2010 shall be accompanied by the following declarations and undertakings on the letter head of respective FII, duly signed by its authorised signatory....

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.... OR (c) A segregated portfolio is maintained for separate classes of shares wherein each such class of shares are in turn broad based. Undertakings In case the applicant is/ proposed to be a MCV or an equivalent structure and have more than one class of shares, it shall undertake the following on its letter head: (a) Common portfolios shall be allocated across various share classes and it ....