Easy KYC Rules for FII's in India

Easy KYC Rules for FII's in India:Security Exchange Board of India(SEBI) is normalised formalities of  Know Your Client (KYC).  Now Foriegn investers can invest with less paper work. SEBI divided all foreign investers into 3 catagories 1. Lowest risk category,2. Banks,Pension funds and insurers etc., 3 Individuals,families and Corporate.

According to the new norms the foreigners who have low risk profile means category 1 investors need not
submit the documents like  board resolution papers, financial statements at the same  their top management,  directors,partners,
trustees and authorised signatories  need not  to  submit proof of address,proof of identity  and photographs.  

Category 2 investors  who are having medium risk like mutual funds,insurers, investment trusts,university funds,banks and pension funds   also need not submit proof of identity,proof of Address and Photographs.

Category 3 investors like corporate bodies, offices,individuals and family  also  fulfill normal formalities only.

SEBI clubbed different investors Qualified Foreign Investors (QFIs),Foreign Institutional Investors for all SEBI normalized KYC formalities.

Based on the KYC normalized formalities  foreigners can easily invest in India with minimum paper work.  Very soon  Indian  can expect more foreign funds in terms of Bonds,investments and Deposits.