IN
order to
rationalise the present policies relating to portfolio investments by
Foreign Institutional Investors (Flls) / Non Resident Indians (NRIs), Foreign
Venture Capital Investor (FVCI) and Private Equity entities etc., the Government
had set up a working group to look at various types of foreign fund flows, which
take advantage of arbitrage across the respective stand-alone regulations and
also to make recommendations to the Government. The working group consisted of
members from the Government of India, SEBI and private sector.
The
Working Group submitted its report to the Government of India on 30th July 2010.
The same has been sent to the financial sector regulators for their
comments/remarks. However, in order to achieve wider consultation, the report
has been made public and comments on the same have
been invited by 8th October 2010. Comments may be sent by email to
am.bajaj@nic.in and shefali.dhingra@nic.in.
Click here for full text of the
Report.
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