Sebi amends FPIs' registration rules
9 months, 1 week ago

Sebi amends FPIs' registration rules

Deccan Chronicle  

New Delhi: Sebi has tweaked the guidelines for registration of Foreign Portfolio Investors pertaining to non-resident Indians, overseas citizens of India and resident Indians as participant of such foreign investors.Under the new rule, FPIs applying for registration need to ensure that the contribution of a single NRI or overseas citizen of India or resident Indian in its corpus is below 25 per cent, according to a notification. Further, at an aggregate level, the applicant FPI needs to ensure that their contribution in its corpus is below 50 per cent. The new rule requires that NRIs, overseas citizens of India and resident Indians should not be in control of the applicant FPI. "The contribution of resident Indian individuals shall be made through the Liberalised Remittance Scheme notified by the Reserve Bank of India and shall be in global funds whose Indian exposure is less than 50 per cent," Sebi said.

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History of this topic

India set to double the investment limit for foreign individuals to 10%: Report
1 week ago

India set to double the investment limit for foreign individuals to 10%: Report

Hindustan Times  

India's central bank is set to double to 10% a cap on investment by individual foreign investors in listed companies, as it aims to boost capital inflows, according to two senior government officials and documents reviewed by Reuters. To boost foreign investment, India is widening to all foreign investors benefits it had until now restricted to overseas Indians, while also …

Sebi doubles FPI disclosure threshold to ₹50,000 crore, to review conflict of interest provisions
1 week, 3 days ago

Sebi doubles FPI disclosure threshold to ₹50,000 crore, to review conflict of interest provisions

Live Mint  

Indian securities market regulator, the Securities and Exchanges Board of India, on Monday, March 24, approved the proposal to double the investment threshold for foreign portfolio investors disclosures to ₹50,000 crore, reported the news agency PTI. In light of this, the board approved a proposal to increase the applicable threshold from the present ₹25,000 crore to ₹50,000 crore,” said Tuhin …

ESIC looks to invest in stock market, awaits SEBI nod
4 weeks ago

ESIC looks to invest in stock market, awaits SEBI nod

The Hindu  

The Employees’ State Insurance Corporation is looking to invest surplus funds in the stock market through exchange traded funds and is awaiting markets regulator Securities and Exchange Board of India ’s nod for exemption from the ₹25-crore per transaction limit. As of March 31, 2024, the social security body’s investments in government and other securities, bonds and debentures, fixed deposits …

Sebi to simplify registration for FPIs looking to invest in govt securities
2 months, 3 weeks ago

Sebi to simplify registration for FPIs looking to invest in govt securities

Live Mint  

Mumbai: India's capital markets regulator is set to ease the registration of foreign portfolio investors if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. "There will be zero requirements for a lot of things including investor group all that data will not be …

RBI introduces framework for reclassification of FPI to FDI
Trending News
4 months, 3 weeks ago

RBI introduces framework for reclassification of FPI to FDI

Live Mint  

The Reserve Bank of India on Monday introduced a streamlined operational framework to allow foreign portfolio investors to convert their investments to foreign direct investment when equity holdings in Indian companies surpass the prescribed 10% limit. The RBI’s new framework mandates that this reclassification be finalized within five trading days following the transaction that breaches the limit, subject to approvals …

RBI makes changes in framework for reclassification of FPI to FDI | Check new norms
4 months, 3 weeks ago

RBI makes changes in framework for reclassification of FPI to FDI | Check new norms

India TV News  

The Reserve Bank of India on Monday announced an operational framework for reclassification of investment made by a foreign portfolio investor to foreign direct investment if the entity breaches the prescribed limit. According to the RBI's current norm, an investment made by foreign portfolio investor along with its investor group should be less than 10 per cent of the total …

RBI, Sebi issue framework for reclassifying FPI investments as FDI
4 months, 3 weeks ago

RBI, Sebi issue framework for reclassifying FPI investments as FDI

New Indian Express  

MUMBAI: The Reserve Bank of India and the Securities and Exchange Board have directed foreign portfolio investors to obtain necessary approvals from the government and concurrence from the investee companies in cases of acquisition of equity holdings beyond the prescribed limits. The direction better aligns with the Fema rules, the regulators said in separate notifications Monday and helps lift the …

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities
4 months, 4 weeks ago

Sebi permits mutual funds to invest in overseas funds with limit on exposure to Indian securities

Live Mint  

The Securities and Exchange Board of India has permitted mutual funds to invest in overseas mutual funds or unit trusts that invest a portion of their assets in Indian securities. “In order to facilitate ease of investment in overseas MF/UTs, to bring transparency in the manner of investment, and to enable Mutual Funds to diversify their overseas investments, the following …

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors
1 year, 7 months ago

SEBI Mandates Additional Disclosures By Foreign Portfolio Investors

Live Law  

The Securities and Exchange Board of India has issued a circular aimed at promoting heightened transparency among Foreign Portfolio Investors meeting specific criteria. Although PN3 does not directly apply to FPI investments, there are apprehensions that entities with substantial Indian equity portfolios might misuse the FPI route, potentially disrupting the orderly functioning of Indian securities markets. Under Regulations 22 and …

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs
1 year, 7 months ago

SEBI Mandates Enhance Disclosure Requirements For Certain FPIs

ABP News  

In a bid to bring greater transparency, the Securities and Exchange Board of India on Friday introduced enhanced disclosure requirements for a certain class of Foreign Portfolio Investors. Notably, In June the market regulator had decided to mandate additional granular-level disclosures regarding ownership, economic interest, and control from certain FPIs. "A foreign portfolio investor that fulfills the criteria specified by …

MHA Amends FCRA Rules, Allows Relatives Living Abroad to Send Up to Rs 10 Lakh to Indians Without Restrictions
2 years, 9 months ago

MHA Amends FCRA Rules, Allows Relatives Living Abroad to Send Up to Rs 10 Lakh to Indians Without Restrictions

News 18  

The Union Home Ministry has amended certain rules related to the Foreign Contribution Act allowing Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities. It stated earlier that any person receiving foreign contribution in excess of one lakh rupees or equivalent thereto in a financial year from any of his …

Reforms in IPO rules, development of corporoate bond market discussed with U.S. investors: SEBI
4 years, 5 months ago

Reforms in IPO rules, development of corporoate bond market discussed with U.S. investors: SEBI

The Hindu  

Early finalisation of the direct listing scheme, development of the corporate bond market, reforms in IPO norms and digitisation of processes among other issues were discussed between SEBI and investors from the U.S. SEBI chairman Ajay Tyagi, along with other officials of the capital markets regulator, had an e-interaction on Tuesday with various stakeholders including industry and investor associations from …

Sebi issues framework for processing AIF registration applications
4 years, 5 months ago

Sebi issues framework for processing AIF registration applications

Live Mint  

Markets regulator Sebi on Thursday came out with a framework for processing of applications for registrations of Alternative Investment Funds. Earlier this week, the regulator amended AIF rules to provide that the manager may constitute an investment committee to approve investment decisions of the AIF subject to certain conditions. "The applications wherein investment committee proposed to be constituted to approve …

Govt notifies Mauritius as eligible country for Category-I FPIs
4 years, 11 months ago

Govt notifies Mauritius as eligible country for Category-I FPIs

Live Mint  

New Delhi: The government on Monday notified Mauritius as an "eligible country", enabling its investment entities to register as Category-I foreign portfolio investors with lower KYC requirements. Category-I FPIs include government and government-related investors such as central banks, sovereign wealth funds, international or multilateral organizations or agencies, including entities controlled or at least 75 per cent directly or indirectly owned …

Overseas investors from Mauritius eligible for FPI registration with enhanced monitoring, says SEBI
5 years, 1 month ago

Overseas investors from Mauritius eligible for FPI registration with enhanced monitoring, says SEBI

Firstpost  

Following the FATF notice, some fund managers knocked on SEBI’s door overnight, raising concerns over validity of FPI registration done through the tax haven. New Delhi: Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put …

Foreign investors from Mauritius to continue being eligible for FPI registration with increased monitoring: SEBI
5 years, 1 month ago

Foreign investors from Mauritius to continue being eligible for FPI registration with increased monitoring: SEBI

Firstpost  

The SEBIannouncement comes after the tax haven was put on the ‘grey list’ of Financial Action Task Force —an inter-governmental policy-making body that sets anti-money laundering standards New Delhi: Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax …

Sebi eases requirements for FPIs
5 years, 7 months ago

Sebi eases requirements for FPIs

Live Mint  

Mumbai: Easing the regulatory framework for foreign portfolio investors, Sebi on Wednesday simplified KYC requirements for them and permitted them to carry out off-market transfer of securities. The proposals were cleared by the Sebi's board during its meeting here as part of efforts to simplify and expedite the registration process for foreign portfolio investors. Apart from doing away with the …

Revised Sebi FPI norms fail to bring relief to NRI fund managers
6 years, 3 months ago

Revised Sebi FPI norms fail to bring relief to NRI fund managers

Live Mint  

Mumbai: The woes for non-resident Indian fund managers have not ended. A modified circular on foreign portfolio investors eligibility and identification of beneficial ownership issued in September has made it difficult for them to create viable structures in compliance with the law, said three fund managers, requesting anonymity. “While the majority of concerns were addressed, there are still some issues, …

Revised Sebi FPI norms fail to bring relief to NRI fund managers
6 years, 3 months ago

Revised Sebi FPI norms fail to bring relief to NRI fund managers

Live Mint  

Mumbai: The woes for non-resident Indian fund managers have not ended. A modified circular on foreign portfolio investors eligibility and identification of beneficial ownership issued in September has made it difficult for them to create viable structures in compliance with the law, said three fund managers, requesting anonymity. “While the majority of concerns were addressed, there are still some issues, …

Sebi initiates public consultation on FPI norms as panel suggests major changes, more time
6 years, 6 months ago

Sebi initiates public consultation on FPI norms as panel suggests major changes, more time

India TV News  

In relief to foreign investors worried over new KYC and beneficiary ownership norms, regulator Sebi Saturday initiated a public consultation process for finalising the new guidelines after a high-powered panel suggested changes on several contentious proposals and more time for compliance. Amid concerns in some quarters that several foreign funds, including those managed and owned by NRIs and PIOs, may …

Sebi defends stance on new rules for foreign portfolio investors
6 years, 6 months ago

Sebi defends stance on new rules for foreign portfolio investors

Live Mint  

Mumbai: The Securities and Exchange Board of India on Tuesday defended its stance on new rules for foreign portfolio investors, saying warnings of a capital flight were “preposterous” and “highly irresponsible.” Lobby group Asset Management Roundtable of India or Amri on Monday said the immediate impact of the new Sebi norms, if not amended, will be that $75 billion investment …

Foreign Portfolio Investors now need only one form for registration, bank accounts and PAN
6 years, 7 months ago

Foreign Portfolio Investors now need only one form for registration, bank accounts and PAN

India TV News  

In a move to enhance ease of doing business, the government has introduced a single application form for foreign investors to enter into the domestic capital market. A common application form for FPIs would be devised with a view to improve operational flexibility and ease of access to Indian capital markets, Finance Minister Arun Jaitley had said in his 2017-18 …

Banks reporting on NRI investment to continue even after new monitoring system: RBI
6 years, 11 months ago

Banks reporting on NRI investment to continue even after new monitoring system: RBI

Live Mint  

Mumbai: The Reserve Bank of India on Thursday said that reporting by custodian banks on the investment made by their foreign clients, including non-resident Indians, in listed companies would continue even after the new system for such monitoring is implemented. “Upon implementation of the new monitoring system, all Authorised Dealer banks would be required to provide the details of investment …

Remittances: A note of caution
6 years, 11 months ago

Remittances: A note of caution

Live Mint  

Time and again, there have been reports on transfers being made outside India that have run into issues with the tax and regulatory authorities. Resident individuals are allowed to remit an aggregate sum of $250,000 per financial year for any permissible current account or capital account transaction under the Liberalised Remittance Scheme without any approval from RBI. Permissible transactions include …

RBI eases FDI norms, allows companies to issue equity shares to NRIs
10 years, 6 months ago

RBI eases FDI norms, allows companies to issue equity shares to NRIs

Firstpost  

Easing foreign direct investment norms, Reserve Bank has allowed companies to issue equity shares to a resident outside India against any type of fund subject to certain conditions. Mumbai: Easing foreign direct investment norms, Reserve Bank has allowed companies to issue equity shares to a resident outside India against any type of fund subject to certain conditions. RBI reviewed the …

FPIs to get registration within 10 days; stake capped at 10%
11 years, 5 months ago

FPIs to get registration within 10 days; stake capped at 10%

India TV News  

New Delhi: Making it easier for overseas entities to invest in Indian markets, Sebi has proposed grant of registration to them within 10 days of application under the new Foreign Portfolio Investor regime. The FPIs would be allowed to invest across a host of the capital market segments, including in shares, debentures, warrants, mutual funds, collective investment schemes, derivatives, treasury …

SEBI finalises easier rules for foreign investors
11 years, 6 months ago

SEBI finalises easier rules for foreign investors

The Hindu  

Market regulator SEBI will soon notify new rules to make it easier for foreign entities to invest in Indian markets following finalisation of the necessary regulatory changes by the government for a major overhaul of the existing regulations for overseas investments. Under the new rules, which are likely to be announced in next few days, SEBI is creating a new …

Experts welcome SEBI’s regulations for foreign investors
11 years, 9 months ago

Experts welcome SEBI’s regulations for foreign investors

The Hindu  

Easier entry norms and streamlining the categories for foreign investors by the Securities and Exchange Board of India on Tuesday would boost the domestic market, and quicken the pace of their entry, experts said. “Merging the FII, sub-accounts and QFIs into a new investor class ‘FPI’ will surely simplify foreign investors’ entry into the Indian capital market and is a …

SEBI board meet to consider foreign investors norms
11 years, 9 months ago

SEBI board meet to consider foreign investors norms

The Hindu  

With an aim to make it easier and attractive for foreign investors to invest in Indian capital markets, SEBI will consider on Tuesday wide-ranging changes in the norms governing them, including on their KYC requirements and taxation-related issues. The proposed measures, including those suggested by a SEBI-appointed committee on rationalisation of investment routes and monitoring of foreign portfolio investments, include …

QFIs allowed to directly invest in equities
13 years, 3 months ago

QFIs allowed to directly invest in equities

Live Mint  

New Delhi: In an attempt towards the stock market reforms, qualified foreign investors have been allowed by the government to directly invest in equities. In August last year, the government allowed foreign investors to directly invest upto $13 billion in equity and debt schemes of mutual funds. According to the scheme, the QFIs will be allowed to invest through Sebi …

RBI Liberalises FDI Rules To Woo Foreign Investors
13 years, 4 months ago

RBI Liberalises FDI Rules To Woo Foreign Investors

India TV News  

New Delhi, Nov 4: Wooing global investors by easing FDI procedures, the Reserve Bank today said that transfer of shares between Indians and non-residents will not require its permission in several key areas like financial services. Amending the Foreign Exchange Management Regulations, the RBI said that its prior permission would not be necessary where the company whose shares are being …

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