NEW DELHI: The government may restrict investments by foreign institutional investors (FIIs) from ‘weakly regulated tax havens’ to prevent fund inflows of questionable origin.
The finance ministry has asked the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to prepare a list of weakly regulated tax havens, where entities are registered without enough due diligence.
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Friday, September 7, 2007
OECD Blacklist: Closer tabs on FIIs likely
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