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Apr 29, 2026
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Sebi offers a way over FPI tax rule hurdle
A tussle of legal semantics is playing out between the Securities and Exchange Board of India (Sebi) and the Central Board of Direct Taxes (CBDT).
In fixing a pesky issue, the markets regulator has proposed that the apex tax body should allow foreign portfolio investors (FPIs) to name 'authorised signatories' while registering or renewing licenses to trade on Indian exchanges.
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