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SEBI approves simpler foreign investment norms

India Infoline News Service | Mumbai |

The new rules aim to simplify paperwork and remove some restrictions that had made buying domestic assets burdensome

Market regulator Securities and Exchange Board of India (SEBI) on Saturday has approved new norms to streamline the registration process for foreign investors.

The regulations, which were approved on Saturday, had been announced at a SEBI board meeting held in June 2013. 


The new rules aim to simplify paperwork and remove some restrictions that had made buying domestic assets burdensome and time consuming.

The SEBI board meeting, held on Saturday, approved the regulations to reverse some of the capital outflows from the country since late May that have hit bonds and the rupee. 
 

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