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Sebi panel proposes relaxing foreign fund rules for NRIs

Sunday, September 9, 2018, 9:48 AM

In a relief to foreign investors worried over new know your customer (KYC) and beneficiary ownership norms, the Securities and Exchange Board of India (Sebi) on Saturday initiated a public consultation process for finalising the new guidelines, after a high-powered panel suggested changes on several contentious proposals and more time for compliance.
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Bill to allow proxy voting by NRIs passed by LS

Thursday, August 9, 2018, 9:36 PM

A bill to extend the facility of ‘proxy voting’ to overseas Indians, on the lines of service voters, was passed by the Lok Sabha today. Moving the Representation of the People (Amendment) Bill 2017 for consideration and passage, Law Minister Ravi Shankar Prasad said the provision would help non-resident Indians (NRIs) to participate in the electoral process.
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NRI marriages to be registered within 7 days: WCD

Thursday, June 14, 2018, 6:23 PM

All NRI marriages solemnised in India would need to be registered within seven days, the Ministry of Women and Child Development said. If the NRI marriages are not registered within seven days, the passports and visas would not be issued. Last week, Women and Child Development (WCD) Minister Maneka Gandhi had said that the NRI marriages would need to be registered within 48 hours.

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