Qualified Institutional Buyer (QIB) - India

SEBI (Disclosure and Investor Protection) Guidelines, 2000


“xxiv a) “Qualified Institutional Buyer” means


a) a public financial institution as defined in section 4A of the
Companies Act, 1956;
b) a scheduled commercial bank;
c) a mutual fund registered with the Board;
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d) a foreign institutional investor and sub-account registered with
SEBI, other than a sub-account which is a foreign corporate or
foreign individual;
e) a multilateral and bilateral development financial institution;
f) a venture capital fund registered with SEBI;
g) a foreign venture capital investor registered with SEBI;
h) a state industrial development corporation;
i) an insurance company registered with the Insurance Regulatory
and Development Authority (IRDA);
j) a provident fund with minimum corpus of Rs. 25 crores;
k) a pension fund with minimum corpus of Rs. 25 crores);
l) National Investment Fund set up by resolution no. F. No. 2/3/2005-
DDII dated November 23, 2005 of Government of India published in
the Gazette of India.”



Reference
Amendments to SEBI (Disclosure and Investor Protection) Guidelines,
2000
SEBI/CFD/DIL/DIP/32/2008/28/08
August 28, 2008
http://www.sebi.gov.in/circulars/2008/Cir-Dil32-2008.pdf