Union Budget 2013-2014: Capital Market..!



􀂉􀂉 Proposal to amend the SEBI Act, to strengthen the regulator, under consideration.

􀂉􀂉 Number of proposal finalised in consultation with SEBI.

􀂙 Designatged depository participants, authorised by SEBI, may register
different classes of portfolio investors, subject to compliance with KYC
guidelines.

􀂙 SEBI will simplify the procedures and prescribe uniform registration and
other norms for entry for foreign portfolio investors.

􀂙 Rule that, where an investor has a stake of 10 %  or less in a company,
it will be treated as FII and, where an investor has a stake of more than
10 % , it will be treated as FDI will be laid.

􀂙 FIIs will be permitted to participate in the exchange traded currency
derivative segment to the extent of their Indian rupee exposure in India.

􀂙 FIIs will also be permitted to use their investment in corporate bonds and
Government securities as collateral to meet their margin requirements.

􀂙 SEBI to prescribed requirement for angel investor pools by which they
can be recognised as Category I AIF venture capital funds.

􀂙 Small and medium enterprises, to be permitted to list on the SME exchange
without being required to make an initial public offer (IPO).

􀂙 Stock exchanges to be allowed to introduce a dedicated debt segment on
the exchange.
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