Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: list of goods taxed at 4% :: TDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: form 3cd :: VAT Audit
 
 
« News Headlines »
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter
 How will GST impact the Indian economy
 10 days left to file your first GST return. This is how you do it
 What is property tax and how is it calculated…
 File income tax returns in time to carry forward losses
 Missed the deadline to file income tax returns? Here is what you should do
 Who has to report foreign assets in Indian income tax return and how to do it

Negative list of tax havens coming up
November, 08th 2006

Financial regulators are compiling a list of tax havens to make it impossible for financial entities to get the coveted FII status in India. The RBI and Sebi are being asked to prepare a negative list of tax havens, the finance ministry told the Economic Editors conference on Tuesday. This is expected to make it easier for genuine hedge funds to be registered here, as the government is also trying to plug loopholes in the various double taxation avoidance treaties with some of the tax havens like Mauritius to prevent their misuse.

The government has also made clear its comfort level with the prevalence of Participatory Notes (PN) in the stock markets. The ministry has said it will not press for changes in the Sebi (FII) guidelines to give the regulator more powers to ask for details of PN holders. The data on PNs does not show any substantial increase in the value of PN as a proportion of total FII investment. So there is no concern of their disproportionate influence on market behaviour, the note said.

The comments by the ministry on the major recommendations of the Ashok Lahiri report on FII flows shows it is keen to push for a well-regulated stock market that actively encourages the flow of good quality capital from abroad.

But as a note of caution, the government will study the global regulatory experience on hedge funds, before a policy on hedge funds is finalised.

Meanwhile, the current practice of limiting an FIIs exposure to 10% of a companys equity will continue, said the finance ministry. Domestic financial sector regulators, RBI and Sebi, have to apply the common beneficial ownership criteria to restrict individual investment limit in case of FIIs and sub-accounts, the ministry note said.

The expert group under the chairmanship of Ashok Lahiri, chief economic advisor in the finance ministry, had favoured an investment limit of 10% on an FII, including its sub-accounts. But it had added the caveat that the requirement may be phased over a five-year period.

However, the government may further liberalise the debt flows for FIIs. The government has also advised Sebi to continue with the present practice of not permitting high net worth individuals to be registered as sub-accounts. This is in line with the regulatory concerns expressed by the Lahiri panel.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions