Customs Broker association membership becomes mandatory in the operating jurisdiction, with exclusive membership and limited compliance-time relaxatio...
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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