Left Menu
Development News Edition

FPIs: Sebi exempts certain entities from clubbing of investment limit

FPIs: Sebi exempts certain entities from clubbing of investment limit

Markets watchdog Sebi on Thursday said certain overseas government agencies and their related entities will be exempted from clubbing of investment limit that is applicable for foreign portfolio investors. The exemption would be applicable where the Indian government has entered into agreements or treaties with overseas governments or there is an order.

Issuing a circular on exemption from clubbing of investment limit for foreign government agencies and its related entities, Sebi cited a rule under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 regarding Investments by Foreign Portfolio Investors (FPIs). In line with these rules, Sebi said "certain foreign government agencies and its related entities are exempt from clubbing of investment limit requirements and other investment conditions either by way of an agreement or treaty with other sovereign governments or by an order of the central government".

On December 19, the regulator amended the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 and omitted a regulation. The particular regulation pertained to cases where the government enters into agreements or treaties with other sovereign governments and where such agreements or treaties specifically recognise certain entities to be distinct and separate. In such cases, Sebi may, during the validity of such agreements or treaties, recognise them as such, subject to conditions as may be specified by it.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.



Beware! Maximum cyber criminals eye your personal data

A report of the World Economic Forum revealed that cyber security is increasingly becoming an issue of public security as the majority of cyber criminals are increasingly targetting individual internet users. This requires preventive measur...

WEF 2020: Trump seems politically correct in pulling out from Paris Agreement

If the survey of the World Economic Forum WEF is believed, Trump seems to enjoy the confidence of his people in flaying climate intuitions and climate activists. His preference for economic development over environmental protection not only...

From home to healthcare, here are Robotic innovations transforming lives

Lovot is equipped with more than 50 sensors such as thermography, microphone array, obstacle detection, and touch sensor to generate motion and emotions in real-time....

Translating words to deeds: Achieving gender parity in access to financial resources

... ...


Latest News

Putin orders Prosecutor General to review protester's conviction

Russian President Vladimir Putin has ordered the Prosecutor General to investigate if a guilty verdict for Moscow protester Konstantin Kotov was lawful, the Kremlin said. A Moscow court sentenced Kotov, a 34-year-old programmer, to four yea...

Coronavirus: Raj govt asks Health Dept to be prepared to tackle any situation

The Rajasthan government has asked the Health Department to be prepared to tackle any situation arising from coronavirus outbreak. State Health Minister Raghu Sharma said that as a precautionary measure the Health Department has been put on...

Assam govt to file case against Shaheen Bagh protest

Assam government would register a case against the alleged mastermind of the Shaheen Bagh protests in Delhi for his seditious comment aimed at disrupting law and order in the state, a minister said on Saturday. Addressing a press conferenc...

C'garh man learning to drive runs over mother; father critical

In a tragic incident, a 20-year- old man rammed his MUV into his mother and father while learning to drive, leaving the woman dead and the man critically injured, police in Chhattisgarhs Janjgir-Champa said on Saturday. The incident took p...

Give Feedback