Renewal of registration of Foreign Institutional Investors and Sub Accounts

FITTC/CUST/09/2000 · 2000-09-21 · SEBI

Summary

This circular outlines the procedure for Foreign Institutional Investors and their sub-accounts to renew their SEBI registration. It mandates that applications be submitted in Form A three months prior to the expiry of the current certificate, accompanied by specific supporting documents. Failure to apply timely results in suspension or automatic cancellation of registration, impacting investment activities and foreign exchange permissions.

Text

Foreign Institutional Investors (FIIs) desirous of renewal of registration have to make an application for renewal in Form A, three months before the expiry of the period of certificate of registration.

With a view to streamlining the registration process, one additional data form has been designed which is enclosed as Annexure-I.

Application for renewal in Form A ( format enclosed )

Additional information as per Annexure I

Audited annual report and accounts for the last 1 year.

Documents to support valid registration or regulation by a Securities regulatory authority and / or Self-Regulatory Organization, or any other appropriate regulatory authority.

Photocopy of the current registration certificate

Application form and undertaking

Since the registration of sub account is co-terminus with that of the FII under which it is registered, the sub account registration should also be renewed simultaneously.

On renewal, a fresh registration certificate commencing from the date next to expiry date would be issued to the Foreign Institutional Investors.

In such cases where a renewal could not be granted within the current registration period, the registration would be suspended and the FII would not be able to conduct any investment activities.

In case of non submission of application, it shall be presumed that the FII is not interested in renewal of registration... the registration would be deemed to be automatically cancelled and no further investment activities would be permitted.

Source: SecMarx — Renewal of registration of Foreign Institutional Investors and Sub Accounts. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.