TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Mandates FIIs to Declare Opaque Structures to Enhance Transparency and Market Regulation.</h1> The Securities and Exchange Board of India (SEBI) issued a circular requiring Foreign Institutional Investors (FIIs) to submit a Declaration and Undertaking regarding their opaque structures like Protected Cell Companies (PCC) and Multi Class Share Vehicles (MCV). If an applicant is mandated by its regulator or law to separate its assets and liabilities, it will not be considered opaque if it is regulated in its home jurisdiction, meets broad-based criteria, and agrees to provide information on beneficial owners upon request. Custodians must inform their FII clients of this requirement for compliance. This action aims to protect investors and regulate the securities market.
TaxTMI 
TaxTMI 
