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Can an FII/sub-account trade after its registration has expired?

April 26, 2017expired fii registration sub-account Trade

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Can an FII/sub-account trade after its registration has expired?

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If the FII/sub-account s registration expires , it cannot trade in the Indian securities market unless it obtains renewal from SEBI. In case, it is not interested in renewal but has certain residual assets, it can apply for disinvestment in terms of Circular No. FITTC/CUST/12/2001 dated June 04, 2001 and abide by the guidelines specified in this regard.