Modification in Operational Guidelines for FPIs and DDPs pursuant to amendment in SEBI (Foreign Portfolio Investors) Regulations, 2019

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..... DDPs ) 3. The Depositories (NSDL and CDSL) 4. All recognized Stock Exchanges and Clearing Corporations Dear Sir/ Madam, Sub: Modification in Operational Guidelines for FPIs and DDPs pursuant to amendment in SEBI (Foreign Portfolio Investors) Regulations, 2019 1. Section 9A of the Income Tax Act, 1961 (IT Act) was introduced by the Finance Act 2015 and subsequently amended vi .....

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..... gh the Liberalised Remittance Scheme (LRS) notified by Reserve Bank of India and shall be in global funds whose Indian exposure is less than 50%. 4. DDPs and Custodians are requested to bring the contents of this circular to the notice of their clients. 5. This circular is issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 . .....

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