Dec 03, 2014 at 13:00 | Source: CNBC-TV18
Fund flows from unregulated entities stands at USD 550 million (approximately Rs 3,400 crore), which account for a minimal 0.01 percent of total P-Note investment that amounted to over Rs 2.65 lakh crore as of October 2014.
Nov 28, 2014 at 21:42 | Source: CNBC-TV18
In a bold new step for the Indian capital markets, the depository receipts scheme, 2014, permits listed and unlisted Indian companies and their security holders to issue new kinds of depository receipts.
Nov 26, 2014 at 14:25 | Source: PTI
These bear operators are said to have created huge short positions in the stock market over the past few days, which means they were betting on a fall in the market values.
Nov 26, 2014 at 07:47 | Source: Moneycontrol.com
Author: Menaka Doshi, CNBC TV18
Nov 25, 2014 at 21:34 | Source: CNBC-TV18
Here onwards ODIs can be issued only to an investor who is a resident in a country which is 1) FATF compliant where the 2) securities market regulator is an IOSCO signatory 3) the central bank is a BIS member.
Nov 25, 2014 at 16:29 | Source: CNBC-TV18
Sandeep Parekh, a corporate lawyer, says there are 2 significant differences in the ODI circular. One, Sebi has tightened the definition of regulated entities. Second, P-notes cannot be issued to entities residing in a country not compliant with Anti Money Laundering and Combating Financial Terrorism regulations.
Nov 25, 2014 at 13:31 | Source: Moneycontrol.com
P-notes are often issued onwards, ostensibly to create layers so that the beneficial owners are shielded
Nov 25, 2014 at 11:04 | Source: Moneycontrol.com
Under the new rules, a Sebi-registered foreign portfolio investor (FPI) can now issue P-notes only to those entities based in countries where the securities regulator and central bank are members of globally recognized bodies
Nov 24, 2014 at 20:06 | Source: PTI
While existing ODI positions will be allowed to continue till expiry if they are not in compliance with the relevant provisions of Foreign Portfolio Investment (FPI) Regulations, any additional issuance, renewal or rollover of such non-compliant positions would not be permitted, Sebi said.
Nov 19, 2014 at 11:27 | Source: Moneycontrol.com
This is a good time for the Finance Ministry and the Sebi to lay a roadmap to phase out PNs, which right now appears to be serving tax evaders and shady promoters better than foreign investors looking to make a quick buck in India