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Sub-accounts and FII

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(Querist)
17 October 2007 What is the difference between a sub-account and a foreign institutional investor?

Please throw a light on both for clarity.
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CMA Gul S

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CMA Gul S (Expert)
17 October 2007 Foreign companies/Individuals are permitted to invest in equity shares traded in Indian Stock markets if they are registered as a Foreign Institutional Investor (FII) or if they have a sub account in India
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KAAPIL

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KAAPIL (Expert)
31 October 2007 PNs of sub-accounts are not allowed. These will affect the hedge funds.
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Ravikumar.G

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Ravikumar.G (Expert)
09 November 2007 Thanks for the inputs
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KAAPIL

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KAAPIL (Expert)
18 November 2007 I appreciate the gesture of Mr. Ravi Kumar.
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