SEBI revised FPI registration guidelines, limiting NRI/OCI contributions to 25% and 50% aggregated, and requiring investments through India's Liberalised Remittance Scheme, effective June 25.
SEBI has revised FPI registration guidelines for NRIs, OCIs, and resident Indians, mandating that a single NRI or OCI's contribution to an FPI corpus should remain under 25%, while aggregated contributions must not exceed 50%. NRIs, OCIs, and resident Indians should not control FPIs, and investments must be channeled through India's Liberalised Remittance Scheme. These changes took effect from June 25 following amendments to the FPI rules.
June 27, 2024
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