Declaration and Undertaking regarding PCC, MCV or equivalent structure by FIIs

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..... structure by FIIs. SEBI vide circular CIR/IMD/FIIC/1/2010 dated April 15, 2010 had mandated all Foreign Institutional Investors/ Sub Accounts to submit Declaration and Undertaking with regard to their opaque structure such as Protected Cell Companies (PCC), Multi Class Share Vehicles (MCV) or equivalent structure. In light of representations received it is clarified as follows: If any a .....

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..... ecurities and to promote the development of, and to regulate the securities market. The circular is available on SEBI website at www.sebi.gov.in under the categories Legal framework and information for - FII . Yours faithfully, S. Madhusudhanan, Deputy General Manager +91-22-26449614 [email protected] - Circular - Trade Notice - Public Notice - Instructions .....

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