Regulation 10 - Conditions for grant of certificate to Foreign Institutional Investors. - Securities And Exchange Board of India (Foreign Institutional Investors) Regulations, 1995

Conditions for grant 1 [***] of certificate to Foreign Institutional Investors. 10. The grant 2 [***] of certificate to the Foreign Institutional Investor shall be subject to the following conditions namely: (a) he shall abide by the provisions of these regulations; (b) if any information or particulars previously submitted to the Board are found to be false or misleading, in any material respect, he shall forthwith inform the Board in writing; (c) if there is any material change in the information previously furnished by him to the Board, which has a bearing on the certificate granted by the Board, he shall forthwith inform the Board; (d) he shall appoint a domestic custodian and before making any investments in India, enter into an agreement with the domestic custodian providing for custodial services in respect of securities; (e) he shall, before making any investments in India, enter into an arrangement with a designated bank for the purpose of operating a special non-resident rupee or foreign currency account; (f) before making any investments in India on behalf of a sub-account, if any, he shall obtain registration of such sub-account, under these regulations. -------------- Notes:- 1. Words or renewal omitted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f. 22-5-2008. 2. Words or renewal omitted by the SEBI (Foreign Institutional Investors) (Amendment) Regulations, 2008, w.e.f. 22-5-2008.