Capital markets regulator SEBI on Friday constituted a committee, which is able to advise it on measures to facilitate ease of doing enterprise by Overseas Portfolio Buyers in India.
As well as, the advisory committee will recommend measures required to encourage FPI participation within the bond market and advise on points associated to investments and operations of such buyers within the Indian monetary markets.
The 15-member committee might be chaired by KV Subramanian, former chief financial adviser to the Authorities of India, the Securities and Trade Board of India stated in a press release.
Different phrases of reference of the committee embrace evaluation funding avenues obtainable for FPIs and advise on feasibility of latest funding avenues. The panel might be required to advocate measures for simplification of FPI rules and to advise on custodian-related issues pertaining to such international buyers.
Other than Subramanian, chiefs of depositories, academician and authorized consultants are a part of the committee.
Different members of the panel embrace Harun R Khan, former deputy governor of RBI; Madhav Kalyan, CEO at JP Morgan Chase Financial institution, N.A; HSBC Financial institution CEO Hitendra Dave; Martin Graham, MD of World Public Coverage Group of iShares (BlackRock); Bobby Parikh, Managing Accomplice at Bobby Parikh Associates, Rushabh Maniar, Accomplice at AZB & Companions; Rajesh Gandhi, Accomplice at Deloitte Haskins & sells LLP; and Shashwat Alok, Assistant Professor at Indian College of Enterprise.
Ashishkumar Chauhan, chief of the Nationwide Inventory Trade, Padmaja Chunduru, MD and CEO at Nationwide Securities Depository Ltd., Nehal Vora, MD and CEO at Central Depository Providers India Ltd., Vikram Kothari, Managing Director of Nationwide Securities Clearing Company Ltd., Nigam S Nuggehalli of Nationwide Regulation College of India College, Bengaluru; and R Subramanian, government director at RBI are the opposite members of the panel.