Section 29 in Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
29. Maintenance of proper books of accounts, records and documents.
- Every foreign portfolio investor shall maintain the following books of accounts, records and documents, namely -(a)true and fair accounts relating to remittances of funds to India for buying and selling; and realising capital gains or losses on investment made from such remittances;(b)bank statement of accounts;(c)contract notes relating to purchase and sale of securities; and(d)communication including in electronic mode from and to the designated depository participants, stock brokers and depository participants regarding investments in securities.
