Bye-law 32, Securities and Exchange Board of India (Fees of Investment in securities by a foreign portfolio investor) Bye-laws, 2018 [S4X-27D]
As at 7 September 2026. In force from 4 May 2018.
Refusal of registration.—Where the Investor Protection Fund Trust is not satisfied that an application made in Form A is complete or that the fee of five lakh rupees has been paid, it shall record its reasons in writing, shall communicate the order of refusal to the applicant in Form E within seven days of the order together with a statement of the grounds on which it is made, and shall return with the order every document furnished with the application; and the applicant may make a fresh application at any time after seven days from the communication.
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