Driven by excellence, focused on strategies for the longer term.

This is the crux of who we are. It is an articulation of precision in purpose, from the Firm’s beginnings to where we are today. Our collective eye is unerringly trained on tomorrow.

Deep sectoral expertise across services and industries.

Our insistence on strategic advisory exacts an in-depth understanding of and involvement with our clients’ businesses and industries. We engage not just individual businesses, but also contribute to the country’s legal and regulatory frameworks.

Personal commitment supported by experience and grit.

We commit early. We pull together internally for greater support. Every effort is sincere, every individual deeply dedicated to their task, their role, to the Firm.

Our undertakings for long-term impact are an organic extension of our purpose.

They are to employ our deep knowledge of the law beyond the business, the transaction, the deal. To use the opportunities and skills we possess, to reflect on the culture we’re creating. Individually and collectively, these are our efforts to help shape the thinking of our future generations, and arm them with strategies for true, sustainable growth.

Knowledge-sharing is intrinsic to equity and inclusivity.

This is a repository of thought leadership, deep insights and strong viewpoints, legal and other news and events and how they impact the industry and our clients.

Relevance is critical to growth. It necessitates a firm that is dynamic and responsive.

Amplifying intrinsic talent, sharpening skills, expanding knowledge, is vital to leading. It defines every aspect of how our firm functions and transacts. This is how we create new benchmarks and set industry standards.

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Sep 30, 2021

Amendments to FPI Regulations

SEBI has on August 3, 2021 amended the SEBI (Foreign Portfolio Investor) Regulations, 2019, to provide that non-resident Indians and overseas citizens of India and resident Indian individuals may be constituents of the applicant seeking registration as a foreign portfolio investor (‘FPI’) if they fulfill the conditions specified by SEBI. Further, resident Indians (other than an individual) may also be constituents of an applicant seeking registration as an FPI, if: (a) such resident Indian (other than an individual) is an eligible fund manager of the applicant; and (b) the applicant is an eligible investment fund. Subsequently, SEBI has, by a Circular dated August 4, 2021, amended the ‘Operational Guidelines for Foreign Portfolio Investors and Designated Depository Participants’ issued under Circular dated November 5, 2019, to state that the contribution of resident Indian individuals will be required to be made through the liberalised remittance scheme notified by the Reserve Bank of India (‘RBI’) and such contribution will be in global funds whose Indian exposure is less than 50%.

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DISCLAIMER

These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.

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