Structural Regulation

Structural Regulation

SEBI Allows NRIs, OCIs to Fully Own GIFT City FPIs Entities

By Ajoy K Das | 03/05/2024

Non-resident Indians and overseas citizens of India will be allowed to own up to 100 percent in FPIs, compared to just 50 percent previously.

Emerging Prudential Risks

Australia Publishes Details on Reforms to Foreign Investment Regime

By Sanday Chongo Kabange | 03/05/2024

Greater scrutiny will apply to foreign investments in sensitive sectors. Passive investors with a strong track record would receive less scrutiny.

Trading & Investment

Korea FSC Unveils Draft Guidelines for “Value-up” Programme

By Manesh Samtani | 03/05/2024

The programme is designed to encourage listed companies to improve corporate governance, long term value creation, and shareholder returns.

Structural Regulation

RBI Issues Draft Framework for Electronic Trading Platforms

By Ajoy K Das | 02/05/2024

ETPs operated from outside India by an operator incorporated outside India may seek authorisation to provide platform access to Indian residents.

Structural Regulation

RBI Removes Ban on Lending Products by Bajaj Finance

By Ajoy K Das | 02/05/2024

The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.

Structural Regulation

Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

By Nithya Subramanian | 02/05/2024

Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

Conduct, Culture & Accountability

RBI Directs Lenders to Repay Customers for “Excess” Interest

By Ajoy K Das | 01/05/2024

Lenders are directed to refund excess interest, review existing practices, and make system level changes to prevent unfair interest charges.

Alternative Markets

SEBI Enables AIFs to Better Support Infrastructure Projects

By Ajoy K Das | 01/05/2024

AIFs are now allowed to pledge equity shares of investee companies in the infrastructure sector to enable them to obtain project finance.

Conduct, Culture & Accountability

India: ICAI Passes Order Against EY Affiliates and Former Boss

By Ajoy K Das | 01/05/2024

EY’s India affiliates have been using global network branding and paying referral fees to global network firms, which is prohibited.