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SEBI to take strict charge of inflows from loosely regulated offshore foreign entities

As the markets are touching new highs, Sebi is all set to take charge of the inflows form the loosely regulated foreign entities particularly of those which are in gulf.

The situation would now turn difficult for the foreign offshore entities which make investments on behalf of the unknown foreign investors as the filed would now turn very hard to play on the Dalal street. This move is to aim at the curb the money laundering practices.

Those very entities who are often seen as trading in rounding off the funds and money laundering practices can no longer subscribe to the participatory notes to trade in the Indian Stocks as these participatory notes are the offshore derivative instruments which are used to trade in the underlying Indian shares.

This directive comes form as welcome statement made by the Indian Government to track down the piles of black money that has been stashed abroad and the undisclosed funds in the Swiss Bank Accounts of Indians which has been moved to the shell entities in the gulf countries.

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