Home » NRI » Sebi Set to Block P-Note Route For NRIs to Prevent Laundering of Black Money

Sebi Set to Block P-Note Route For NRIs to Prevent Laundering of Black Money

The regulator plans to put in place a clear bar on NRIs and entities owned by them and resident Indians subscribing to participatory notes, a move aimed at preventing possible round-tripping or laundering of black money.

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NRI | Business | Bigger India | April 2017

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