An investor in government securities holding electronic balances in the depositories SGL-1 account cannot convert them into physical certificates by the process of rematerialisation.
An investor in government securities holding electronic balances in the depositories SGL-2 account can convert them into physical certificates or to book entry form by the process of rematerialisation. For this, an application has to be made to the depository, through the DP, in the Rematerialisation Request Form (RRF-GS).
Foreign Portfolio Investors - FPIs, Sub Accounts & QFIs under portfolio investment scheme.
SEBI approved Designated Depository Participants (DDPs) would grant registration to FPIs on behalf of SEBI and also carry out other allied activities in compliance with regulations.
FPI Eligibility - (1) Not a Non Resident Indian, (2) Resident in a country that is a member of Financial Action Task Force (FATF), (3) If FPI is a bank then the central bank of that country should be a member of Bank for International Settlements (BIS) (4) resident in a country that is a signatory to IOSCO's MMOU or a signatory of a bilateral MOU with Securities and Exchange Board of India (SEBI).
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