100% NRI Investments now permitted in FPIs based in GIFT IFSC
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In line with the consultation paper issued by SEBI in August 2023, the SEBI and IFSCA have now permitted 100% participation of NRIs, OCIs, and RIs individuals for certain funds set up as SEBI registered FPIs based in IFSC.
This amendment marks a significant enhancement in facilitating the involvement of the NRI community in the Indian financial markets.
However, it is important to note that the formal amendment to the SEBI FPI Regulations is yet awaited.
Let us know your thoughts in the comments below or reach out to us at priya.k@treelife.in for a detailed discussion.
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Treelife
Treelife Team | support@treelife.in
We are a legal and finance firm with a deep focus on the startup ecosystem. We offer a wide range of services, including Virtual CFO, Legal Support, Tax & Regulatory, and Global Expansion assistance.
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