Sebi and CBDT Simplify PAN Requirements to Accelerate Foreign Portfolio Investment
Regulatory Overhaul for Overseas Investors The Securities and Exchange Board of India (Sebi) announced on Friday that the Central Board of Direct Taxes (CBDT) has issued new clarifications to simplify the Permanent Account Number (PAN) acquisition process for Foreign Portfolio Investors (FPIs). By streamlining these administrative hurdles, the government aims to expedite the onboarding of…