QFIs shall include individuals, groups or associations that are resident in a country
that is a member of the Financial Action Task Force (FATF) or a country that is
a member of a group which is a member of FATF and resident in a country that is
a signatory to IOSCO’s MMOU – or a signatory of a bilateral MOU with Securities
and Exchange Board of India (SEBI). Foreign institutional investors(FIIs) and foreign
venture capital investments do not come under the QFI category.
An individual QFI can invest up to 5 per cent of the paid-up capital of a listed
company. Total investment by QFIs in a listed company cannot exceed 10 per cent
of its paid-up capital. Foreign investors will also be allowed to acquire equity
shares by way of rights issue, bonus shares or equity shares on account of stock
split, amalgamation, demerger or such corporate action.
The QFI investment limits will be over and above the ceilings set for FII and non-resident
Indians under the Portfolio Investment Scheme for foreign investment in India.
Disclaimer : This is neither a Government website, nor it represents
to any Government body. Alankit Assignments Ltd. is the owner of this website providing
assistance to the interested Non Resident Indians (NRIs), Persons of Indian Origin (PIOs),
Overseas Citizens of India (OCIs) & Foreign Nationals for their various financial
investments in India. Our role is to provide service related information to above category
of persons living around the world whereby they can download the application forms and get
assistance to fill the applications and to apply for the relevant services. This website is
made to provide general information only & the company running this website will not be
responsible for any action taken on the basis of this work, whether directly or indirectly
for any error or omission, to any person, whether a browser of this web site or not.