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At any time, not more than 1000 investors are allowed. The initial contribution of the fund manager or promoter should be 2.5% or ₹50,000,000, whichever is less (for category 1 and 2) and 5% or ₹100,000,000 for Category 3 AIF [3] In the 2015 Union budget of India, it was announced that foreign direct investments (FDI) would be allowed in ...
The Securities and Exchange Board of India (SEBI) was first established in 1988 as a non-statutory body for regulating the securities market.Before it came into existence, the Controller of Capital Issues was the market's regulatory authority, and derived power from the Capital Issues (Control) Act, 1947. [6]
The International Financial Services Centres Authority (IFSCA) is the regulatory body for the Indian special economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India. [3]
The Securities and Exchange Board of India is the sole regulator of the Indian Securities Market. Its Preamble describes its basic function as "...to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incid thereto" [2]
Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) is a central online security interest registry of India.It was primarily created to check frauds in lending against equitable mortgages, in which people would take multiple loans on the same asset from different banks.
A securities commission, securities regulator or capital market authority is a government department or agency responsible for financial regulation of securities products within a particular country.
In February 1999, CDSL received certificate of commencement of business from Securities and Exchange Board of India (SEBI). [7] On 30 June 2017, CDSL was listed on the National Stock Exchange (NSE) through initial public offering (IPO) [8] making it the first depository in Asia-Pacific region and only the second depository in the world to get listed.
[21] [22] This was followed by the market regulator, SEBI issuing multiple show-cause notices to the brokers in 2016, 2017, 2018 and 2019 respectively. [23] [24] The EOW-Mumbai in its supplementary charge sheet has also accused the three brokers IIFL, Motilal Oswal & Anand Rathi of cheating clients.