Shorter settlement cycle for FPIs can lead to 'efficiency gains' of Rs 2,000 cr a year
- Posted on October 17, 2024
- By Business News Today
- 6 Views
Shorter settlement cycle for FPIs can lead to 'efficiency gains' of Rs 2,000 cr a year
FPIs had raised concerns about delays in their access to sale proceeds beyond the standard T+1 settlement date. These delays were primarily due to the erstwhile process adopted for obtaining tax clearance on their net sale proceeds, to ensure compliance with FEMA Regulations.
