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Market Exit

Surrender of FPI license

  • An FPI intending to surrender its certificate of registration can make an application to the DDP.

    • The application should include the following details:

    • Confirmation of no dues/ fees pending towards SEBI
    • Confirmation on Nil Cash, Securities, and Derivatives position in India.
      In the event of any outstanding holdings/ position, the FPIs need to divest prior to surrender of registration and repatriate the funds if any.
    • Confirmation of no actions/ proceedings pending against the FPI initiated by SEBI or any government authority in India

  • DDP reviews the application and performs internal checks before forwarding the application to SEBI for issuance of No Objection Certificate (NOC).

  • Post receipt of NOC from SEBI, DDP issues the letter acknowledging the surrender of the FPI registration to the FPI applicant. All the accounts (including bank and securities accounts) held by the FPI are closed and the CP code is deactivated within 10 working days from the date of receipt of NOC by the DDP.