Qualified Foreign Investor - Definition / Legal Terminology - Income Tax

Explanation (c) - For the purpose of section 194LD of the Income tax Act 1961, Qualified Foreign Investor shall have the meaning assigned to it in the Circular No. Cir/IMD/DF/14/2011, dated the 9th August, 2011, as amended from time to time, issued by the Securities and Exchange Board of India, under section 11 of the Securities and Exchange Board of India Act, 1992.