With a view to rationalising the present arrangements relating to portfolio investments by Foreign lnstitutional lnvestors (Flls) / Non Resident lndians (NRls), Foreign Venture Capital lnvestor (FVCI) and Private Equity entities etc., the Government set up a working group to look at various types of foreign fund flows, which take advantage of arbitrage across the respective stand-alone regulations and also make recommendations to the Government. The working group consisted of members from the Government of lndia, SEBI and private sector.
The Working Group submitted its report to the Government of lndia on 30th July 2010. The same has been sent to the financial sector regulators for their comments/remarks. However, in order to achieve wider consultation, the report has been put on the website of this Ministry and comments on the same are invited by 8th October 2010. Comments may be sent by email to am.bajaj@nic.in and shefali.dhingra@nic.in
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