OBLIGATIONS AND RESPONSIBILITIES OF FOREIGN PORTFOLIO INVESTORS (FPIs) :

1. The foreign portfolio investor shall-

– comply with the provisions of these regulations, circulars and any other terms and conditions specified by SEBI from time to time;

– forthwith inform SEBI and designated depository participant in writing, if any information or particulars previously submitted to SEBI or designated depository participant are found to be false or misleading, in any material respect;

– forthwith inform SEBI and designated depository participant in writing, if there is any material change in the information previously furnished by him to SEBI or designated depository participant;

– as and when required by SEBI or any other government agency in India, submit any information, record or documents in relation to its activities as a foreign portfolio investor;

– forthwith inform SEBI and the designated depository participant, in case of any penalty, pending litigations or proceedings, findings of inspections or investigations for which action may have been taken or is in the process of being taken by an overseas regulator against it;

– obtain a Permanent Account Number from the Income Tax Department;

– in relation to its activities as foreign portfolio investor, at all times, subject itself to the extant Indian laws, rules, regulations and circulars issued from time to time and provide an express undertaking to this effect to the designated depository participant;

– provide such declarations and undertakings as required by the designated depository participant; and

– provide any additional information or documents as may be required by the designated depository participant to ensure compliance with the Prevention of Money Laundering Act, 2002 and rules and regulations prescribed thereunder, Financial Action Task Force standards and circulars issued from time to time by SEBI.

2. In case of jointly held depository accounts, each of the joint holders shall meet the requirements specified for
foreign portfolio investor and each shall be deemed to be holding a depository account as a foreign portfolio
investor.

3. In case the same set of ultimate beneficial owner(s) invest through multiple entities, such entities shall be treated as part of same investor group and the investment limits of all such entities shall be clubbed at the
investment limit as applicable to a single foreign portfolio investor.

4. In case of any direct or indirect change in structure or beneficial ownership of the foreign portfolio investor, it shall bring the same to the notice of its designated depository participant forthwith.