2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SEBI
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NPCIL
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NTPC
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BSNL
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Detailed explanation-1: -In respect of Foreign Portfolio Investors (FPIs), the Securities and Exchange Board of India (SEBI) has prescribed simplified KYC norms depending upon the category of FPIs.
Detailed explanation-2: -What are the major laws/regulations applicable to an FPI in India? Ans: Foreign Portfolio Investments are primarily governed by The Securities and Exchange Board of India (SEBI).
Detailed explanation-3: -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-4: -SEBI | SEBI constitutes ‘FPI Advisory Committee (FAC)’
Detailed explanation-5: -In terms of Rule 9 (14)(i) of the Rules, simplified norms have been prescribed for those FPIs, who have been duly registered in accordance with SEBI guidelines and have undergone the required KYC due diligence and verification prescribed by SEBI through a custodian or intermediary regulated by the market regulator.