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After FPIs raise concerns, Sebi, CBDT ease onboarding rules
MUMBAI : Markets regulator Sebi and the Central Board of Direct Taxes (CBDT) have removed some of the Income Tax Permanent Account Number (PAN)-related difficulties that foreign funds were facing in order to register themselves in India. The move is part of Sebi’s ease of investing initiative to simplify registration process for foreign portfolio investors.
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m.economictimes.com
Sebi, CBDT ease PAN rules for foreign investors after onboarding concerns
Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact…
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thehindubusinessline.com
SEBI, CBDT ease PAN onboarding difficulties faced by FPIs
CBDT clarifies rules around authorised representatives, TIN and contact details in PAN applications after delays hit onboarding of foreign investors
