The Ministry of Finance on 29th March 2022 has amended the instructions for filing of common application form (CAF). The Common Application Form (CAF) will be available for the FPI applicants on the website(s) of the Depositories viz. NSDL (www.nsdl.co.in) or (www.fpi.nsdl.co.in) and CDSL (www.cdslindia.com)
Once the form is duly filled in by the applicant in electronic mode and supporting documents uploaded on the inter-face of the respective Depository, the same shall flow to the Designated Depository Participant (DDP) in electronic manner. The applicant shall thereafter have to take a print of the duly filled form. The duly filled printed form should be signed by applicant and be submitted in physical mode along with requisite documents in original to the Designated Depository Participant (DDP). Applicant should sign on each page of the Form before sending.
The Common Application Form (CAF) was notified on 27th January 2022 for registration of Foreign Portfolio Investors (“FPI”) with Securities and Exchange Board of India (“SEBI”), allotment of Permanent Account Number (“PAN”) with Income Tax Department, Know Your Customer (“KYC”) and for opening of bank and demat accounts in India. Common Application Form has replaced the various existing forms like FPI Registration Form A, KYC & Account opening form of bank account and Form 49 AA for obtaining PAN which are required to be filed by the foreign investor desirous of investing in India as an FPI.
