Day: April 28, 2024

Explained: New rules for foreign portfolio investors – SEBI’s move to slice through corporate layersExplained: New rules for foreign portfolio investors – SEBI’s move to slice through corporate layers

By Rashi Dhir and Trisha Shreyashi The Securities & Exchange Board of India (SEBI) recently issued a circular amending the Foreign Portfolio Investors (FPI) Rules, in terms of additional granular disclosures to lift the veil off the Ultimate Beneficial Owners (UBO). The entities have only 90 days to comply with the mandates, which will be […]