FPIs and custodian banks get extra time on stake disclosure

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Sebi laid down the fundamental reporting framework in a round issued in October 2020. In March and April 2021, NSDL instructed custodians that the reporting of ODI subscribers and DR holders can be efficient from Might 17, 2021.

Synopsis

By Might, custodian banks — that are multinational monetary providers teams holding securities on behalf of overseas portfolio buyers (FPIs) investing in India — have been supposed to place in place a system to seize the mixed funding of every FPI and entities managed by it in an organization.

Mumbai: Amid the Covid second wave and uneven inventory costs, market authorities are laying aside their hunt for overseas buyers and native promoters who could also be controlling past their declared or permissible stakes in listed Indian firms by surreptitiously holding securities in offshore markets.

By Might, custodian banks — that are multinational monetary providers teams holding securities on behalf of overseas portfolio buyers (FPIs)

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