Earlier in March this year, India’s Ministry of Finance established an interdisciplinary committee that includes a number of authorities including representatives from the central bank – which has issued warnings against the use of bitcoin in the past – to study the legal framework surrounding virtual currencies. Chaired by the Special Secretary of Economic Affairs … Read More →
SEBI issues new norms for foreign portfolio investors The Securities and Exchange Board of India has allowed foreign portfolio investors who had issued participatory notes under the erstwhile regulations to hold the position till the date of expiry of such positions or till end of December 2020. The regulator said in a clarificatory note posted … Read More →
The Securities and Exchange Board of India is mulling doing away with the requirement of a fresh KYC (Know Your Client) for opening of new accounts in securities market if the investor has got a bank account. Under the proposed move that may take a couple of months to come into effect, the market intermediaries … Read More →