Economy Why Sebi barred foreign portfolio investors from executing non-disposal undertakings Updated : April 11, 2018 01:56 PM IST FPIs are circumventing the FPI Regulations by executing NDUs to avail credit facilities as there is uncertainty on whether NDUs create encumbrances. Sebi has provided much-needed clarity to FPIs and the designated depository participants on the correct position of law. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.