The Government of India vide notification dated January 27, 2020 notified the Common Application Form (CAF) for the purpose of (a) registration of Foreign Portfolio Investors (FPIs) with the Securities and Exchange Board of India, (b) allotment of Permanent Account Number (PAN) and (c) carrying out of Know Your Customer (KYC) for opening of Bank & Demat Account.
The applicants seeking FPI registration shall be required to duly fill CAF and ‘Annexure to CAF’ and provide supporting documents and applicable fees for SEBI registration and issuance of PAN. The other intermediaries dealing with FPIs may rely on the information in CAF for the purpose of KYC.
DDP may continue to accept in–transit FPI registration applications, for a period of 60 days from the date of issuance of this Circular, received in the form prescribed in operational guidelines issued on November 05, 2019.
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