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Sebi announces stricter norms on P-notes, effective July 1

Aims to bring in more transparency and curb misuse of investment route used by foreign investors not registered in India

Topics
P-notes

Shrimi Choudhary  |  Mumbai 



Sebi seeks powers to conduct direct search

The Securities and Exchange Board of India (Sebi) has tightened its know-your-client (KYC) and disclosure rules on issue of participatory notes (P-notes), to curb misuse of the investment route used by foreign investors not registered in India. these take effect from from July 1.

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First Published: Fri, June 10 2016. 23:50 IST

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