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TMI BlogSecurities and Exchange Board of India (Foreign Institutional Investors) (Third Amendment) Regulations, 1998X X X X Extracts X X X X X X X X Extracts X X X X ..... Third Amendment) Regulations, 1998. (ii) They shall come into force on the date of their publication in the Official Gazette. II. In the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995 (hereinafter referred to as the 'Regulations'). 1. In Regulation 12, sub-regulation (3), for the words, "sub-para (b) of Para 5 of Form A" occurring at the end, the words "Para 1 of Annexure B to Form A of the First Schedule" shall be substituted. 2. In Regulation 13,-- (a) in sub-regulation (1), the following clauses (e) and (f), shall be inserted after clause (d), namely :-- "(e) The Foreign Institutional Investor through whom the application for registration is made, has submitted undertakings that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,-- (a) in Form A, in Para 5, for sub-para (b), the following sub-para (b), shall be substituted, namely:-- "(b) Please provide additional information and undertakings, in respect of each client for which sub-account registration is being sought, as specified in Annexure B to this Form." (b) after Annexure A, an Annexure B, shall be added, namely :-- "Annexure B [See Regulations 12(3), 13(1)(e) and para 5(b) of Form A] Additional information and undertakings to be provided in respect of each client for which sab-account registration is sought, in terms of sub-regulation (1) of Regulation 13 of the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995 : 1. Sub-account to provide the following deta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t/sub-account) that: (a) the client/sub-account or its directors have not been convicted by a Court for any offence involving moral turpitude or fraud and sentenced in respect thereof to imprisonment for a period greater than six months; (b) no winding up orders has been passed against the client/sub-account; (c) no order suspending or debarring the client/sub-account from permanently carrying on activities in the financial sector has been passed by any regulatory authority; (d) no order withdrawing or refusing to grant any license/approval to the client/sub-account which has a bearing on the securities market has been passed by any authority in the preceding five years; (e) any penalty imposed (including monetary penalty) by any regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the words 'The fee" occurring in the beginning, the words "The registration fees" shall be substituted. [F. No. SEBI/LE/FII/2725/98] D.R. MEHTA, Chairman Footnote:- 1. SEBI (Foreign Institutional Investors) Regulations, 1995 the principal regulation, was published in the Gazette of India on November 14,1995, vide No. SEBI/LE/918(E). 2. SEBI (Foreign Institutional Investors) Regulations, 1995 was amended by the SEBI (Forcing Institutional Investors) Amendment Regulations, 1996 which was published in the Gazette of India on October 9, 1996 vide S.O. No. 702(E). 3. SEBI (Foreign Institutional Investors) Regulations, 1995 was amended by the SEBI (foreign Institutional Investors) (Second Amendment) Regulations, 1996 which was publish ..... X X X X Extracts X X X X X X X X Extracts X X X X
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