May 2024
Intermediate to advanced
470 pages
28h 9m
English
Content preview from Business Environment by Pearson
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162 | Business Environment
A registered FII can appoint an agency approved by SEBI, to act as a custodian of securities
and for con rmation of transactions in securities, settlement of purchase and sale, and for report-
ing information. Such custodian shall establish separate accounts for detailing on a daily basis the
investment capital utilisation and securities held by each FII for which it is acting as a custodian.
e custodian will report to the RBI and SEBI, semi-annually, as part of its disclosure and reporting
guidelines.
e RBI shall make available to the designated bank branches, a list of companies where no
investment will be ...
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