The Securities and Exchange Board of India (SEBI) on June 21, 2022 has issued 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. This shall come into force on June 24, 2022.
The following has been stated namely: -
• ‘Annexure D’ of the ‘Operational Guidelines for Foreign Portfolio Investors, Designated Depository Participants and Eligible Foreign Investors’, inter-alia, specifies Bank account details for remittance of various payment of various SEBI fees in US $.
• In order to facilitate faster confirmation of remittances by the intermediaries, necessary arrangement has been made for foreign inward remittances in the following bank namely:
“ICICI Bank Ltd., Bandra Kurla Complex, Bandra (East), Mumbai 400051 Bank.”
[Notification No. SEBI/HO/IMD/FPI&C/CIR/P/2022/84]
