2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Securities and Exchange Board of India (SEBI)
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Indian Oil Corporation Limited (IOCL)
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All India Institute of Speech and Hearing (AIISH)
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All India Institute of Medical Sciences (AIIMS)
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Detailed explanation-1: -Regulated by SEBI, the FPI regime is a route for foreign investment in India. The FPI regime came as a harmonised route of foreign investment in India, merging the two existing modes of investment, that is, Foreign Institutional Investor (’FII’) and Qualified Foreign Investor (’QFI’).
Detailed explanation-2: -Address proof like power of attorney (POA), mentioning the address is acceptable as address proof. Name, mobile number, email id, PAN and income range are required. FATCA(Foreign Account Tax Compliance Act) / CRS form is required. KYC Form/CAF is required.
Detailed explanation-3: -The SEBI KYC circular has also set guidelines for intermediaries to conduct the KYC process. Here’s what a SEBI-compliant KYC demands: Verification of Proof of Identity and Address (POI & POA)
Detailed explanation-4: -As per Regulation 2(h) of SEBI FPI Regulations, a ‘foreign portfolio investor’ means a person who satisfies the eligibility criteria prescribed under regulation 4 and has been registered under Chapter II of FPI regulations and shall be deemed to be an intermediary in terms of the provisions of SEBI Act.