Faster approval to IPOs will meet global standards: SEBI Chairman
The Dollar Business Bureau Securities and Exchange Board of India (SEBI) Chairman U K Sinha on Tuesday said the primary market with the current number of retailers is crossing the one million mark in at least 2 of the 15 issues. The market has performed really well for several years now. The IPO approval timing has also been reduced and is being considered to be further brought down in line with the global best standards. Inaugurating FICCI's annual Capital Markets Conference 'CAPAM 2016' on the theme 'A Vibrant Capital Market - An Enabler for Investment' in Mumbai, Sinha said the issues related to both were being resolved and more number of Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) would be registered. The ...
Foreign Exchange Management (Permissible Capital Account Transactions) (4th Amendment) Regulations, 2015
Dated November 16th, 2015 | Copy of | Notification No.FEMA.345/2015-RB | In exercise of the powers conferred by sub-section (2) of Section 6, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes, in consultation with the Central Government, the following amendments in the Foreign Exchange Management (Permissible Capital Account Transactions) Regulations, 2000 (Notification No. FEMA.1/2000-RB dated 3rd May 2000), namely:- 1. Short Title and Commencement:- (i) These Regulations may be called the Foreign Exchange Management (Permissible Capital Account Transactions) (Fourth Amendment) Regulations, 2015. (ii) They shall come into force from the date of their publication in the Official Gazette. 2. Amendment to the Regulation:- In the Foreign Exchange Management (Permissible ...
RE Investment Trusts an eligible financial instrument under FEMA
The Dollar Business Bureau The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given its approval to allow the Real Estate Investment Trusts (REITs) as an eligible financial instrument / structure under the Foreign Exchange Management Act (FEMA) 1999. The approval is expected to enable foreign investment inflows into the completed rent yielding real estate projects, which is, as of now, prohibited under the FEMA Regulations, reported a PIB release. The Finance Minister in his Budget 2014-15 Speech proposed the introduction of Real Estate Investment Trusts (REITs), which have been successfully used as an instrument for pooling of investment by several countries for investments in the real estate, with a view to earning income and distributing earnings from its ...
