FPI registration time to be cut to few days: Pandey, Pg17.

Key Highlights:

• SEBI plans to reduce FPI registration time from months to a few days.
• The initiative aims to streamline and digitize the FPI registration process.
• The current FPI registration process can take up to six months.
• SEBI is considering making digital registration mandatory for new foreign investors.

Detailed Insights:

• The move to reduce FPI registration time seeks to align India with global standards.
• Digitization and online portal-based form filling will be implemented for smoother registration.
• Integrating the FPI registration system with a robust backend is also under consideration.
• The Goods and Services Tax Network (GSTN) serves as a model for the upgraded system.

Key Concepts Involved:

• Foreign Portfolio Investor (FPI): An entity investing in financial assets of a country.
• SEBI: Regulatory authority overseeing the securities market in India.
• Digitization: The process of converting information into a digital format.