SEBI has issued a Consultation paper on proposal to improve ease of doing business with respect to the additional disclosure framework for large FPIs. To improve ease of doing business, rather than requiring disclosure of all investors/stakeholders, it is proposed to require disclosures of an appropriate majority of settlers holds for disclosure for identification and categorization of an FPI as an LBC or non-LBC entity.
The comments/ suggestions should be submitted latest by August 20, 2024 online.
