SEBI Prescribes Conditions for NRIs/OCIs/Resident Indian Individuals for Making FPI Applications
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- Last Updated on 28 June, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/185, Dated: 26.06.2024
SEBI has notified an amendment to Regulation 4 of SEBI (FPI) Regulations, 2019, w.r.t eligibility criteria of foreign portfolio investors (FPI). SEBI has now notified the conditions for non-resident Indians, overseas citizens of India, or resident Indian individuals to be the constituents of the FPI applicant. Now, the contribution of a single non-resident Indian, overseas citizen of India or resident Indian individual must be below 25% of the total contribution in the corpus of the FPI applicant.
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