Yesterday(friday) SEBI prescribed detailed guidelines for qualified foreign investors(QFI) to directly invest in the Indian equity market.They must comply with
KYCnorms.
1. They can open only one demat a/c where as they may open more than one trading a/c with other
sebi- registered trading member.
2.They were not allowed for square off (buy or sell in the same day)
KYCnorms.
1. They can open only one demat a/c where as they may open more than one trading a/c with other
sebi- registered trading member.
2.They were not allowed for square off (buy or sell in the same day)
3.They will be allowed for only delivery buying or selling.
4.Individuals are allowed to buy Maximum of 5% of the paid up equity capital of a company at the point of time*.
4.Individuals are allowed to buy Maximum of 5% of the paid up equity capital of a company at the point of time*.
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