TaxTMI 
TaxTMI 
TaxTMI 
Clarifications regarding investment by Foreign Institutional Investors
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.... investment by Foreign Institutional Investors Some FIIs/ sub accounts which are not desirous of renewing registration but are holding certain unsaleable securities / securities of nominal value have approached SEBI seeking permission to hold such securities after the expiry of registration. This may happen due to reasons beyond control of the FIIs/Sub accounts such as securities being illiquid o....
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....ment after expiry of registration The procedure for seeking permission for disinvestment by FIIs after expiry of registration is given below: 1. At the time of expiry of registration, the FII desiring permission for disinvestment for itself or its sub account/s shall make a request to SEBI along with details of its holdings as per format in Annexure- A. Such requests shall be submitted within 45....
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....isting securities would be permitted. Ina case any fresh purchase transactions are undertaken, the FII would be bound to seek fresh registration besides being liable for penal action for making investments without holding valid registration. 4. FIIs and their custodians shall be responsible for reporting these trades carried out as per the SEBI permission appropriately. 5. If the FII is unable t....
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....w.sebi.gov.in. The custodians are requested to bring the contents of this circular to the notice of their FII clients. Yours faithfully P. Gupta Division Chief Encl.: Annexure -A LIST OF HOLDINGS OF FII/ SUB ACCOUNT Name of the FII: Registration number: Date of expiry of registration: {Name of the Sub account: Registration Number :} S.No. Name of the company Type of security (Non con....