Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Amends Depositories Regulations: Foreign Portfolio Investors Can Acquire Shares Only Through Secondary Market, Regulation 7 Updated.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Depositories and Participants Regulations, 1996, effective upon publication in the Official Gazette. Key changes include modifications to Regulation 7, specifying limits prescribed by the Central Government for foreign portfolio investors acquiring shares of depositories, which must occur through the secondary market only. Additionally, the term 'institutional' is replaced with 'portfolio' in relevant clauses. This amendment follows a series of prior amendments aimed at refining the regulatory framework governing depositories and participants since the original regulations were established in 1996.