Securities and Exchange Board of India (Foreign Institutional Investors) (Amendment) Regulations, 2000

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....(Amendment) Regulations, 2000. (2) They shall come into force on the day of their publication in the Official Gazette. II. (1) In Regulation 2- (i) After sub-clause (c), and before sub-clause (d), the following new clause (cc) shall be inserted, namely : "(cc) 'domestic asset management company' means an asset management company approved by the Board under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 and who has been granted certificate of registration under Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993." (ii) After sub-clause (d), a following new sub-clause (dd), shall be inserted, namely :- "(dd) 'domestic portfolio manger' means a portfolio manager registered under th....

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.... pending before the Board against such applicant. (3) In regulation 7, a third proviso shall be added, namely :- "Provided further that a domestic portfolio manager or domestic asset management company shall not be liable to pay fee." (4) In regulation 8, a proviso shall be added, namely :- "Provided that in case of domestic portfolio manager or domestic asset management company the certificate and each renewal thereof shall be valid for a period not exceeding the validity of registration or approval granted under Securities and Exchange Board of India (Portfolio Managers) Regulations, 1993 or Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as the case may be. Provided further that the certificate of registrati....

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.... that a foreign corporate or individual shall not be eligible to invest through the hundred per cent debt route." (b) in sub-regulation (6), a proviso shall be added, namely : "Provided that in case of foreign corporates or individuals, all the investments made by all foreign corporates or individuals together as sub-accounts, shall not exceed 5% of the total issued capital of the company in which such investment is made." (7) In First Schedule, in Form A, in Annexure B, after part 2, a new part 3 shall be added, namely : "3. Additional information and undertakings to be provided by sub-accounts who are foreign corporates or individuals- (A) The following details may be provided in respect of sub-account :- (i) Date and place of bir....