Tuesday, 14 January 2014

Securities and Exchange Board of India notifies regulations to ease and rationalize Foreign Portfolio Investments

The Securities and Exchange Board of India (SEBI) has recently notified the SEBI (Foreign Portfolio Investors) Regulations, 2014 (FPI Regulations). These Regulations shall come into force with effect from 7 January 2014. Further, the SEBI has also vide a Circular dated 8 January 2013 (Circular) issued operating guidelines for Designated Depository Participants who would grant registration to Foreign Portfolio Investors.

The FPI Regulations aim to rationalize foreign investments made into India by portfolio investors such as Foreign Institutional Investors and Qualified Foreign Investors. This alert summarizes the key features of the FPI Regulations and the Circular.


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ITAT: Property Received on Family Trust Dissolution Qualifies as ‘Devolution’, Long-Term Capital Gains Tax Applies

Under income tax law, when a capital asset is acquired by way of succession, inheritance or devolution, the cost of acquisition is deemed to...