FIPB to be phased-out in the next fiscal, Bill to be tabled in Parliament soon to crack down on ponzy schemes https://www.taxtmi.com/news?id=17371 The FIPB will be phased out in the next fiscal following FDI liberalisation and online processing. A draft Bill to curb illicit deposit schemes will be introduced after stakeholder consultation. Systemically important high net worth NBFCs above a threshold may be designated as Qualified Institutional Buyers for IPO participation. Measures include a common FPI application with joint SEBI RBI CBDT systems, online registration for financial intermediaries, Aadhaar linkage for demat accounts, permitted listing and trading of Security Receipts under SARFAESI, and creation of CERT Fin for coordinated cyber security. en-us Wed, 01 Feb 2017 13:58:47 +0530 Wed, 01 Feb 2017 13:58:47 +0530 TaxTMI RSS Generator FIPB to be phased-out in the next fiscal, Bill to be tabled in Parliament soon to crack down on ponzy schemes https://www.taxtmi.com/news?id=17371 The FIPB will be phased out in the next fiscal following FDI liberalisation and online processing. A draft Bill to curb illicit deposit schemes will be introduced after stakeholder consultation. Systemically important high net worth NBFCs above a threshold may be designated as Qualified Institutional Buyers for IPO participation. Measures include a common FPI application with joint SEBI RBI CBDT systems, online registration for financial intermediaries, Aadhaar linkage for demat accounts, permitted listing and trading of Security Receipts under SARFAESI, and creation of CERT Fin for coordinated cyber security. News - Wed, 01 Feb 2017 13:58:47 +0530 https://www.taxtmi.com/news?id=17371