9911796707
TMI BlogScheme for Investment by Qualified Foreign Investors in equity shares - [See Regulation 5(7A)]X X X X Extracts X X X X X X X X Extracts X X X X ..... ew Regulations New Regulations of 2017 1 [ Schedule 8 [See Regulation 5(7A)] Scheme for Investment by Qualified Foreign Investors in equity shares Eligible Investors 1. The Schedule shall be applicable to Qualified Foreign Investors (QFIs) as defined in these regulations. Eligible instruments and eligible transactions - 2. (a). Purchase: QFIs shall be permitted to invest through SEBI registered Qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an open offer in accordance with the SEBI (Delisting of Securities) Guidelines, 2009; or (iv) Through buyback of shares by a listed Indian company in accordance with the SEBI (Buyback) Regulations, 1998. Pricing 3. The pricing of all eligible transactions and investment in all eligible instruments by QFIs under this scheme shall be in accordance with the relevant and applicable SEBI guidelines on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the QFIs and at the instructions of the QFIs. Demat accounts 5. QFIs would be allowed to open a dedicated demat account with a QDP in India for investment in equity shares under the scheme. It is clarified that each QFI shall maintain a single demat account with a QDP for all investments in eligible securities for QFIs in India. Limits and its monitoring 6. The individual and aggregate investme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll ensure KYC of the QFIs as per the norms prescribed by SEBI. AD Category-I banks will also ensure KYC of the QFIs for opening and maintenance of the single non-interest bearing Rupee accounts as per the extant norms. (iii) Permissible currencies - QFIs will remit foreign inward remittance through normal banking channel in any permitted currency (freely convertible) directly into the single non-i ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
