investment opportunity for qualified foreign … qfi...in 2012, the indian government allowed...
Post on 06-Mar-2020
1 Views
Preview:
TRANSCRIPT
Investment Opportunity for Qualified
Foreign Investors in India
Presented By: Pratibhuti
In 2012, the Indian Government allowed investments by Foreign Nationals in the
Indian Equity and Debt Markets.
Previously this was allowed only for certain registered Corporate Entities and
Indian Nationals residing overseas.
Now Individuals in over 40 countries can invest into Indian Equity and Debt
Markets in their individual capacities, and also set up corporations to invest on their
behalf.
The Rules and regulations governing such investments have been notified and
such investments have already started.
Pratibhuti and Infrastructure Leasing & Financial Services Limited (ISSL) have tied
up to provide QFI’s an efficient and safe channel to access the Indian Markets.
Pratibhuti Viniyog Limited – Stock Broker.
ISSL - Local Custodian and Depository Participant.
India is among the fastest growing economies in the world and is an
attractive investment destination:◦ Banks and financial markets are extremely robust and well regulated by
proactive regulators
◦ No issues such as the subprime crises have hit Indian shores
◦ Deep capital markets with aggregate volumes on exchanges amongst the
highest in the world
◦ Multiple stock exchanges which have the highest number of listed companies in
the world
◦ Well developed derivative markets
◦ Double taxation avoidance treaty for investors from all eligible countries
Qualified Foreign Investor (QFI) is an Individual / Company or
any other Judicial Entity who fulfils the following criteria:◦ Resident in a country that is a member of FATF, or a member of a group which is
a member of FATF
◦ Resident in a country that is a signatory to IOSCO’s MMOU, or a signatory to a
bilateral MOU with SEBI
◦ Not registered with SEBI as a Foreign Institutional Investor (FII), or a sub-
account of a FII or Foreign Venture Capital Investor (FVCI), or Non Resident
Indian (NRI)
◦ Not forming a part of the Al-Qaida sanctions list published by the Un Security
Council Committee
◦ Not a resident in India
Australia Hungary Russia
Austria Iceland Saudi Arabia
Belgium Italy Singapore
Brazil Japan Slovenia
Bulgaria Luxembourg South Africa
Canada Malta South Korea
China Mexico Spain
Cyprus Netherlands Sweden
Czech Republic New Zealand Switzerland
Denmark Norway United Arab Emirates
Finland Oman United Kingdom
France Poland United States of America
Germany Portugal
Greece Romania
Category Transaction Types
Equity Shares Primary Market (IPOs, FPOs)
Secondary Market (through Regd Brokers, Pratibhuti)
Corporate Actions (Rights, Bonus, Buy-backs, Splits, Consolidation,
Amalgamations, Demergers, Mergers, Open Offers)
Benefits (Dividend)
Mutual Funds – Equity and
Debt oriented (minimum 25% in
Infrastructure funds)
Purchase/ Subscription (demat route only)
Redemption
Benefits (Dividend)
Debt Securities – NCDs,
Corporate Bonds, listed Debt
MF Schemes
Primary Market (To be listed – Public Issues)
Secondary Market (listed on Indian Stock Exchanges)
Corporate Actions (Interest, Buy-backs, Redemptions)
QFIs have been permitted to hedge their currency risk on the OTC market
• Client online registration with ISSL, client to download and fill in forms, affixphotographs and sign the forms
• Client to arrange docs to be Notarized / Consularized / Attested by aCompetent Authority
• Client to provide such documents to ISSL and Pratibhuti
• ISSL to arrange for PAN Card
• ISSL to set up depository (demat) account
• Local Bank Account through ISSL
• Client Registration with Pratibhuti for Trading account
Client Registration and setting
up of Demat, Bank, and
Trading accounts
QFI Overseas
Bank A/c
QFI Local Rupee
Bank A/c
Stock Exchange
QFI
ILFS
Pratibhuti
ILFS Pool Demat
and Bank A/c
QFI Local
Demat A/c
1. Transfer funds2. Trade instruction
3. Trade instruction
4. Trade
execution and
confirmation
5. Trade confirmation
6. Trade confirmation
7. Funds transfer
8. Equity and
funds Transfer
9. Equity
Transfer
The starting paperwork, agreements and account opening with Pratibhuti,ISSL, Bank Account, DP Account & PAN Card Form – though lengthy, is aone time process.
ISSL will be the main orchestrating agency between Broker, Local Bank andthe QFI – enabling the QFI to maintain a one point contact with theCustodian (ISSL).
Incase the QFI desires, the QFI can also be in contact with the local stockbroker (Pratibhuti).
The Indian Exchange Mechanism delinks Trading from Settlements. HenceISSL directly receives/makes payments/shares from the Exchange ClearingHouse – eliminating Third Party Risk.
Neither Pratibhuti nor ISSL place a cap on the minimum or maximum ordervalue.
Both entities are governed by the Securities & Exchange Board of India –Indian Regulator
Started in 1994 in Mumbai as an Institutional Equity Brokerage House, Members with
BSE & NSE, Cash & Derivative Segments..
Professionally managed by highly qualified and experienced professionals with vast
exposure to the financial markets.
Modern offices spread over 3 locations viz., 2 in Mumbai and 1 in Dubai,
encompassing separate functions for the company, also offering online trading
platform via www.pratibhuti.com.
In-house research firm, Ideas1st Research providing detailed research on various
sectors and companies
Empanelled as Equity Brokers with over 30 Institutions including LIC Pension fund,
SBI Life Insurance amongst others.
Servicing approximately 1750 NRI clients from Middle East, Far East, Europe & USA
for investing in the Indian Equity Markets.
Catering over 500 Retail and High Net worth individual residing in India.
Registered Office:
Address: 15B, 3rd Floor, 28 Rajabahadur Mansion, Samachar Marg, Fort, Mumbai – 400 001
Call: +91 22 6148 5300
Dealing Office:
Address: 11, Raheja Centre, Gr. Floor, Free Press Journal Marg, Nariman Point, Mumbai – 400 021
Call: +91 22 6148 5700
Dubai Branch Office:
Address: G07, Ground Floor, Bldg. No. 2, Dubai Internet City, Post Box: 500 186, Dubai, U.A.E
Call: +971 439 15200
E-mail: onlinehelp@pratibhuti.com
Website: www.pratibhuti.com
Relentlessly working towards
creating wealth
for our customers.
Show Desktop.scf
top related