SEBI Circular on Modification  in the Operational  Guidelines  for  Foreign  Portfolio  Investors, Designated Depository Participants and Eligible Foreign Investors–Bank account details to which the payment is to be done electronically– 21st June, 2022

SEBI, vide its Circular dated 21st June, 2022 made necessary arrangement to facilitate  faster confirmation of foreign inward remittances by the intermediaries in the following account :-       

Name of the Bank Account  Securities and Exchange Board of India
Name of Bank, BranchICICI Bank Ltd., Bandra Kurla Complex, Bandra (East), Mumbai 400051
Bank Account No.055501001994
IFSC CodeICIC0000555
MICR Code No.ICICINBBNRI

It is to be noted that the change has been made in reference to SEBI Circular dated 05th November, 2019 on Operational  Guidelines  for  Foreign  Portfolio  Investors, Designated Depository Participants and Eligible Foreign Investors’ where SEBI specified Bank account details for remittance of various payment of various SEBI fees in US $. Further all other provisions of the Operational Guidelines shall remain unchanged.

The provisions of this Circular is applicable with effect from 24th June, 2022.

Link to the Circular:
https://www.sebi.gov.in/legal/circulars/jun-2022/modification-in-the-operational-guidelines-for-foreign-portfolio-investors-designated-depository-participants-and-eligible-foreign-investors-bank-account-details-to-which-the-payment-is-to-be-done-_59884.html

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