Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
The Securities and Exchange Board of India (SEBI) issued a notification on the Foreign Portfolio Investors (FPI) (Second Amendment) Regulations, 2024. The amendment imposes conditions on FPIs, such as limiting individual contributions, controlling Indian exposure, and prohibiting control by specific individuals. It also exempts certain applicants regulated by the International Financial Services Centres Authority. Existing exemptions remain valid. The regulations came into force upon publication in the Official Gazette. The amendment aims to enhance oversight and compliance within the FPI framework.
The Securities and Exchange Board of India (SEBI) issued a notification on the Foreign Portfolio Investors (FPI) (Second Amendment) Regulations, 2024. The amendment imposes conditions on FPIs, such as limiting individual contributions, controlling Indian exposure, and prohibiting control by specific individuals. It also exempts certain applicants regulated by the International Financial Services Centres Authority. Existing exemptions remain valid. The regulations came into force upon publication in the Official Gazette. The amendment aims to enhance oversight and compliance within the FPI framework.
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