Additional information regarding PCC, MCV or equivalent structure by FIIs

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....ivalent structure by FIIs. 1. In order to ascertain the 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 ....

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....ortfolio is maintained for all classes of shares and satisfies broad based criteria. 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 followi....