Mumbai : Market regulator Sebi said it will look into the suggestions of the Special Investigation Team (SIT) on black money to ensure sufficient checks are in place with respect to overseas investments via P-Notes route, reports PTI.
The Supreme Court-appointed panel had recently suggested the Securities and Exchange Board of India (Sebi) to put in place regulations to help identify individuals holding participatory notes or offshore derivative instruments (ODIs), and take other steps required to curb black money and tax evasion through the stock market route.
“We do not dismiss the concerns raised by SIT with regard to P-Notes but Sebi has been very proactive on such matters much before these concerns were raised and will continue to be so,” Sebi whole-time member S Raman told reporters on the sidelines of an EPFO function.
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