Eligibility criteria for qualified depository participant.

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..... dated August 09, 2011 and January 13, 2012 respectively, Qualified Foreign Investors (QFI) were allowed to invest in schemes of Indian mutual funds and Indian equity shares subject to terms and conditions mentioned therein, including opening a demat account with qualified Depository Participant. The eligibility criteria for a SEBI registered Depository Participant (DP) to act as qualified Deposito .....

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..... ion of Money Laundering (PML) Act, Rules and SEBI circulars issued from time to time; and 2.5. DP shall obtain prior approval of SEBI before commencing the activities relating to opening of accounts of QFI. The eligibility criteria for qualified Depository Participant as contained in SEBI circulars dated August 9, 2011 and January 13, 2012 stands amended as above. 3. In order to maintain consi .....

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..... tment out of redemption proceeds in schemes of Indian mutual funds. 5. Further, in partial amendment to clause 4.7.8, it has been decided to allow credit of dividend payments to QFIs on account of investment in schemes of Indian mutual funds held by them to the single rupee pool bank account subject to the condition that in case dividend payments are credited to the single rupee pool bank account .....

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