Stay updated with breaking news from Sebi Deadline. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
In 2023, the Securities Exchange Board of India had mandated FPIs holding more than 50 percent of their Indian equity AUM in a single Indian corporate group or FPIs holding more than Rs 25,000 crore of AUM in Indian markets to provide additional disclosures regarding their ownership, economic interest and control.
SEBI wants additional disclosures from FPIs to prevent companies from manipulating the rules on minimum public shareholding, and also to prevent overseas entities from indirectly controlling Indian companies through a chain or web of shell firms
New Delhi, Oct 6 (PTI) Capital markets regulator Sebi on Friday extended the relaxation to entities with listed non-convertible securities from dispatching physical copies of the financial statements to the holders of such securities till September 30, 2024.