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Examples
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FIIs are now obliged to provide the requisite information to the markets regulator, the Centre said. “The central government was duly informed by Sebi that the Sebi (FII) Regulations, 1995, as amended, already provided for disclosure of full information regarding P-Notes issued by the FIIs / sub-accounts / affiliates, as and when in such form as the Sebi may require, †the affidavit said.
The Economic Times 2009
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Significantly, the government said in its affidavit that it is “unable to subscribe to the position that evidence exists with Sebi that anonymous entities are misusing P-Notes in the Indian marketsâ€.
The Economic Times 2009
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In an affidavit filed in the apex court on Saturday, the government said, “The expert group on encouraging FII flows and checking the vulnerability of capital markets to speculative flows (the Lahiri committee) discussed by various concerns arising out of P-Notes issued by FIIs.
The Economic Times 2009
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NEW DELHI: The Centre has told the Supreme Court that investments through the issuance of participatory notes (P-Notes) are in the larger economic interest of the country.
The Economic Times 2009
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It said Sebi is “adequately equipped†to call for any information regarding P-Notes both under provisions of the Sebi Act, 1992, and Regulation 20A of the Sebi
The Economic Times 2009
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Significantly, the government said in its affidavit that it is “unable to subscribe to the position that evidence exists with Sebi that anonymous entities are misusing P-Notes in the Indian marketsâ€.
The Economic Times 2009
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The central government has decided the continuation of issuance of P-Notes is in the larger economic interests of the countryâ€.
The Economic Times 2009
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NEW DELHI: The Centre has told the Supreme Court that investments through the issuance of participatory notes (P-Notes) are in the larger economic interest of the country.
The Economic Times 2009
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It said Sebi is “adequately equipped†to call for any information regarding P-Notes both under provisions of the Sebi Act, 1992, and Regulation 20A of the Sebi
The Economic Times 2009
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The affidavit is in response to a PIL filed by former Union law minister Ram Jethmalani and others contending that P-Notes were undesirable instruments since they did not disclose the true identity of investors.
The Economic Times 2009
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