‘Off-market’ transfer of securities by FPI

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..../ Custodian of Securities. 3. All Recognized Stock Exchanges/ Clearing Corporations 4. All recognized Stock Exchanges and Clearing Corporations in International Financial Services Centres 5. The Depositories (NSDL and CDSL) 6. Stock Brokers through Recognized Stock Exchanges 7. Depository Participants through Depositories Dear Sir / Madam, Subject: 'Off-market' transfer of sec....

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.... will imply that the FPI has deemed to have applied for surrender of its registration and the DDP may be guided by the guidelines pertaining to surrender of FPI registration. 5. The 'off-market' transfer shall be allowed without prejudice to any provisions of tax laws and FEMA. 6. Para 3, Part C of SEBI Circular No. IMD/FPI&C/CIR/P/2019/124 dated November 05, 2019 stands modified to the exte....