CURRENT AFFAIRS

Detailed explanation-1: -Capital markets regulator Sebi has restructured its advisory committees pertaining to foreign portfolio investors (FPIs) and social stock exchange. Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel.

Detailed explanation-2: -As per Regulation 2(h) of SEBI FPI Regulations, a ‘foreign portfolio investor’ means a person who satisfies the eligibility criteria prescribed under regulation 4 and has been registered under Chapter II of FPI regulations and shall be deemed to be an intermediary in terms of the provisions of SEBI Act.

Detailed explanation-3: -Answer: Foreign Portfolio Investors (FPIs) registered in accordance with the provisions of SEBI (FPI) Regulations and NRIs/ OCIs can make investment on the stock exchanges in India, subject to the individual and aggregate limits prescribed in schedules 2 and 3, respectively of FEMA 20(R).

Detailed explanation-4: -The Securities and Exchange Board of India (SEBI) has constituted a 15-member committee to increase foreign investment. The advisory committee constituted by SEBI is called the ‘FPI Advisory Committee’ or FAC to ease ways for foreign investors to invest in the Indian markets by reviewing the existing processes.

Detailed explanation-5: -(1) No person shall buy, sell or otherwise deal in securities as a Foreign Institutional Investor unless he holds a certificate granted by the Board under these regulations. (2) An application for the grant of certificate shall be made to the Board in Form A.