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Nov 25, 2014
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Sebi tightens screws on dubious inflows from loosely regulated, offshore entities
As the market touches a new high, Sebi is clamping down on dubious inflows from loosely regulated, offshore entities, particularly those located in the Gulf.
According to a Sebi communique on Monday evening, foreign funds investing on behalf of unknown investors and through opaque structures will now find it difficult to play on Dalal Street. The move — aimed to curb money laundering and additional control through indirect ownership of shares — could impact the equity market,said some of the stock advisors.
Source -
http://economictimes.indiatimes.com
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