Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investor.
CS Executive · Economic, Business and Commercial Laws · PYQS · June 2023
Define the following terms as stated under Foreign Exchange Management Act, 1999: Foreign Portfolio Investor.
Answer & Explanation:
'Foreign Portfolio Investor' (FPI) means a person registered in accordance with the provisions of Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019, as amended from time to time.
Topics: Foreign Exchange Management Act (FEMA), 1999
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