India’s capital markets regulator has named Infosys founder N.R. Narayana Murthy to head an 18-member panel that will prepare a new regulatory framework for startups and alternative investments.
To allow for easier fund-raising and investor exits, India’s capital market regulator plans to exempt start-ups that plan to sell shares to the public through the proposed alternative capital-raising platform from the mandatory promoters’ holding lock-in period.
India is setting up a panel that will suggest ways to resolve disputes arising from the country’s imposition of the minimum alternate tax (MAT), a levy imposed on years-old capital gains of foreign companies.
The Securities and Exchange Board of India plans to introduce changes in the rules on alternative investment funds (AIFs).
India is in a unique position to ensure a more nimble and transparent financial regulatory architecture.
A plan to merge India’s capital market watchdog with the country’s commodity market regulator could put the listing of local exchanges such as the Bombay Stock Exchange on hold for at least six months.
Indian banks’ lending-related costs could rise by 20% following a recent rule that require banks to make bigger provisions for restructured debt.
India’s market regulator said it will take action against directors of companies that do not comply with a new rule requiring at least one woman to be on their board by October.
The Securities and Exchange Board of India (SEBI) plans to put in place a regulatory framework for index providers in a bid to tackle issues arising from conflicts of interest and promote transparency in determining benchmarks.
Broad changes to India’s Minimum Alternate Tax Scheme raises tax liabilities for foreign portfolio investors.