Yes. At the time of conversion as FPI, the erstwhile FII/SA shall make an application to DDP in Form A along with supporting documents as provided in the FPI Regulations. Conversion fee of USD 1000 shall be paid at the time of conversion.
Whether the existing FII/Sub-Account has to submit Form A as per FPI Regulations at the time of conversion as FPI
Modified on: Fri, 7 Dec, 2018 at 12:19 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.