clearing corporations

Sebi mulls expanding scope of informal guidance scheme, raises fees

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Sebi mulls expanding scope of informal guidance scheme, raises fees

Capital markets regulator Sebi on Friday proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application. In its consultation paper, Sebi has proposed that stock exchanges, clearing corporations, depositories and managers of a pooled investment vehicle registered … Read more

FPI Tax Papers: Work overnight for FPI tax papers: Sebi tells big four firms

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FPI Tax Papers: Work overnight for FPI tax papers: Sebi tells big four firms

Mumbai: The Big Four accountancy firms will have to burn the midnight oil to give foreign portfolio investors (FPIs) the chance to move money faster. At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory ‘confirmation certificate’ overnight so that offshore funds … Read more