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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Gujarat High Court reaffirms mandatory right to personal hearing in Faceless Assessments

  Recently, the Hon’ble Gujarat High Court in B.M. Developers v. Assessment Unit of Income-tax Department ruled in favor of the taxpayer and...