Additional information regarding PCC, MCV or equivalent structure by FIIs

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..... IIs. 1. In order to ascertain the constitution of Foreign Institutional Investors (FII) and Sub Accounts (SA), it has been decided to gather additional information pertaining to their structure. 2. In view of the above, all applications submitted for registration w.e.f April 07, 2010 shall be accompanied by the following declarations and undertakings on the letter head of respective FII, du .....

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..... r all classes of shares and satisfies broad based criteria. OR (c) A segregated portfolio is maintained for separate classes of shares wherein each such class of shares are in turn broad based. Undertakings In case the applicant is/ proposed to be a MCV or an equivalent structure and have more than one class of shares, it shall undertake the following on its letter head: .....

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..... r compliance with the timelines indicated herein. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets. This circular is available on SEBI website at www.sebi.gov.in, under the categories Leg .....

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