This is in continuation to our Notice No.20120516-21 dated May 16, 2012 regarding ‘Acceptance of transactions on behalf of Non-Resident Indians (NRIs)’ on BSE StAR MF Platform.
As per regulatory requirements, Foreign Inward Remittance Certificate (FIRC) is mandatorily required for transactions placed by members for their Non-Resident clients. The scan copy of the FIRC has to be provided on the day of the transaction. Subsequently physical copy of the same is to be sent to RTA/AMC office. Please refer the link to the notice for your reference.
Members are hereby advised to adhere to the notices issued at various point of times with respect to the subject matter.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds