The Securities and Exchange Board of India (SEBI) on April 29, 2022 has issued Notification regarding Modification in the Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors.
The following has been stated namely: -
• Certificate of Registration – The designated depository participant shall grant the certificate of registration, bearing registration number generated by SEBI
• Name change – Upon receipt of the request for name change along with abovementioned documents, the DDP shall effect the change in name in the certificate. The DDP shall issue a letter and fresh registration certificate to such applicant acknowledging the change in name. Respective Depositories shall make necessary arrangements for DDPs to provide fresh registration certificate as an acknowledgement from its database including a statement that the name change has been granted without prejudice to any tax liability/implication in India.
[Notification No. SEBI/HO/IMD/FPI&C/CIR/P/2022/57]
