Sebi amends FPIs rule; directs registration fee payment in Indian rupee

Sebi has announced a modification to its foreign investor registration fees, shifting to a rupee-based model effective in six months. This adjustment stipulates that Category-I FPIs and FVCIs will be required to pay Rs 2.3 lakh. Additionally, the common application will now demand the date of birth from applicants, and depository participants must ensure that all fees are forwarded to Sebi within a five-day period.