SEBI has amended the operational guidelines for FPIs and DPPs under FPI regulations whereby it has permitted FPIs to write-off shares of all companies which they are unable to sell. In this regard, the process detailed at para 17 of Part C of the said Operational Guidelines shall be complied with. Earlier, write-off of securities held by FPIs who wish to surrender their registration was permitted only in respect of shares of companies which are unlisted/illiquid/suspended/delisted.SEBI has amended the operational guidelines for FPIs and DPPs under FPI regulations whereby it has permitted FPIs to write-off shares of all companies which they are unable to sell. In this regard, the process detailed at para 17 of Part C of the said Operational Guidelines shall be complied with. Earlier, write-off of securities held by FPIs who wish to surrender their registration was permitted only in respect of shares of companies which are unlisted/illiquid/suspended/delisted.taxmann.com Latest Statutory HappeningsRead More
