Legal forms

foreign portfolio investment operational part

Description
this project deals with foreign portfolio investment in India
Categories
Published
of 30
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.
Related Documents
Share
Transcript
    2014-2015   SUBMITTED TO- PROF. RITUPARNA DAS AND PROF. PRATEEK DEOL SUBMITTED BY- RUCHIKA SINGH TEK CHAND MEENA VIVEK KUMAR MISHRA CORPORATE FINANCE, BANKIG AND FINANCE, LL.M. I st  SEMESTER NATIONAL LAW UNIVERSITY, JODHPUR FOREIGN PORTFOLIO INVESTMENT-ITS REGULATIONS     [FOREIGN PORTFOLIO INVESTMENT-ITS REGULATIONS]   2   SUBMITTED TO-ASST. PROF. PRATEEK DEOL SUBMITTED BY-RUCHIKA SINGH, TEK CHAND MEENA AND VIVEK KUMAR MISHRA | NATIONAL LAW UNIVERSITY ACKNOWLEDGEMENT First of all and above of all we would like to give our heartily thanks to our respected teachers Prof Rituparna Das And Prof Prateek Deol for accepting our Topic Foreign Portfolio Investment-Its Regulations and for giving us a chance to prove ourselves competent to deal with such an prominent issue of great importance. It would not be possible without their precious guidance and support. The proper guidance paved the way on which we walked to achieve this goal. Again we would like to thank library staff for their support and co-operation by which we cannot be able to complete our research paper. Last but not the least, we would like to give many thanks to our friends as they supported and helped us in various ways in making this project. Dated:15 th  OCT- 2014 RUCHIKA SINGH TEK CHAND MEENA VIVEK KUMAR MISHRA CORPORATE FINANCE LL.M. I st SEMESTER  NATIONAL LAW UNIVERSITY, JODHPUR    [FOREIGN PORTFOLIO INVESTMENT-ITS REGULATIONS]   3   SUBMITTED TO-ASST. PROF. PRATEEK DEOL SUBMITTED BY-RUCHIKA SINGH, TEK CHAND MEENA AND VIVEK KUMAR MISHRA | NATIONAL LAW UNIVERSITY CONTENT AT A GLANCE: Introduction..........................................................................................................................3 Classification based registration of investors.....................................................................3 Eligibility criteria for FPIs...................................................................................................4 Instruments available for investment and prescribed limits...............................................5 Taxation of FPIs...................................................................................................................5 Implementation timeline......................................................................................................6 Meaning of FPI.....................................................................................................................6 Categories of FPI..................................................................................................................7 Registration and eligibility criteria for FPI.........................................................................9 Registration criteria for FPI.................................................................................................9 Eligibility criteria for FPI....................................................................................................9 Obligations and responsibilities of FPI...............................................................................12 USB Securities Case............................................................................................................13 Case  –   Goldman Sachs Dispute...........................................................................................22 Conclusion...........................................................................................................................26 Bibliography........................................................................................................................28    [FOREIGN PORTFOLIO INVESTMENT-ITS REGULATIONS]   4   SUBMITTED TO-ASST. PROF. PRATEEK DEOL SUBMITTED BY-RUCHIKA SINGH, TEK CHAND MEENA AND VIVEK KUMAR MISHRA | NATIONAL LAW UNIVERSITY INTRODUCTION-  In order to harmonize the various available routes for foreign portfolio investment in India, the Indian securities market regulator i.e. Securities Exchange Board of India ( SEBI ) has introduced a new class of foreign investors in India known as the Foreign Portfolio Investors ( FPIs ). Previously portfolio investment was governed under different laws i.e. the SEBI (Foreign Institutional Investors) Regulations, 1995 ( FII Regulations ) for FIIs and their sub-accounts. Essentially, foreign portfolio investment entails buying of securities, traded in another country, which are highly liquid in nature and, therefore, allow investors to make quick money through their frequent buying and selling. Such securities may include instruments like stocks and bonds, and unlike shares, they do not give managerial control to the investor in a company. SEBI introduced a new regulation which comes into the force from September. It, generally, deals with the types of investors, their eligibility and instruments for investment and taxation etc. These can be described as follows- CLASSIFICATION BASED REGISTRATION OF INVESTORS-  FPI has been defined under FPI Regulation 2(h) as a person meeting the eligibility criteria specified under Regulation 4 (covered under (b) below) and duly registered under Chapter II and are considered as intermediaries for the purposes of SEBI Act, 1992. Under FPI Regulation 5 the following three categories of FPIs have been created on the basis of associated risks  –   (a) Category I includes foreign investors related with the government such as central banks,
Search
Tags
Related Search
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks