12-11-2024 11:49 AM | Source: PR Agency
Comment on framework for reclassification of FPI to FDI by Kumudini Bhalerao, Partner, MMJC and Associates - a corporate compliance firm
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Below the Quote on Comment on framework for reclassification of FPI to FDI by Kumudini Bhalerao, Partner, MMJC and Associates - a corporate compliance firm
The framework issued by the RBI and SEBI for reclassification of Foreign Portfolio Investors (FPIs) to Foreign Direct Investment(FDI) underscores the importance of adhering to prescribed limits.
This framework not only ensures that FPIs remain compliant with the FDI framework but also reinforces the necessity for obtaining applicable regulatory approvals prior to any reclassification.
Requirement for Divestment of holding that exceeds these limits within a stipulated time frame and freezing purchase transactions pending reclassification shall be crucial for maintaining market integrity.
Overall, these measures reflect a proactive approach by regulatory bodies to manage foreign investments effectively.
This framework not only ensures that FPIs remain compliant with the FDI framework but also reinforces the necessity for obtaining applicable regulatory approvals prior to any reclassification.
Requirement for Divestment of holding that exceeds these limits within a stipulated time frame and freezing purchase transactions pending reclassification shall be crucial for maintaining market integrity.
Overall, these measures reflect a proactive approach by regulatory bodies to manage foreign investments effectively.
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