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Sebi eases onboarding norms for foreign portfolio investors
The Securities and Exchange Board of India has simplified rules for foreign investors. This eases the process of obtaining PAN cards for overseas portfolio investors. New rules introduced by the Income-tax Department had created difficulties. The Central Board of Direct Taxes has now issued relaxations. This aims to make onboarding smoother for foreign 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
