Examples of Foreign Portfolio Investor in a sentence
Foreign Portfolio Investor, as defined under Regulation 2(1) (j) of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019.
In that case, the Sub-Fund is required to be registered as a Foreign Portfolio Investor (“FPI”) under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations 2014.
Foreign Portfolio Investor (FPI), Sub accounts and Qualified Foreign Investors (QFIs) as specified in SeBI Circular No. CIr/MIrSD/11/2012 dated September 5, 2012 shall be considered for the purpose of identification of beneficial ownership of the investor.For collection of information/documentation from investors/ Unitholders, SeBI has prescribed uniform know Your Client (kYC) requirements vide Circular No(s).
With effect from 1 April 2014, any security held by a Foreign Portfolio Investor (“FPI”), invested in accordance with the regulations under the SEBI Act, 1992, will be classified as a capital asset under section 2(14) of the Act.
However, in case of Foreign Institutional Investors/ Foreign Portfolio Investor and domestic companies, short term capital gains will be chargeable to tax at the rate of 30% plus applicable surcharge and education cess and secondary and higher education cess.