Registration/Renewal of Foreign Institutional Investors and Sub Accounts

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Full Text of the Document

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....ccounts. Reserve Bank of India(RBI) vide A.P.(DIR Series) Circular No. 53 dated December 17, 2003 has announced its decision to do away with the requirement of obtaining clearance from RBI and SEBI separately. Henceforth, authorized dealers have been allowed, through general permission , to open bank account (either in foreign currency and/or in rupees) for an FII that has been already been regis....