Capital markets regulator Sebi on Friday constituted a committee, which is able to advise it on measures to facilitate ease of doing enterprise by Overseas Portfolio Buyers (FPIs) in India. As well as, the advisory committee will recommend measures required to encourage FPI participation within the bond market and advise on points associated to investments and operations of such traders within the Indian monetary markets.

The 15-member committee can be chaired by Okay V Subramanian, former chief financial adviser to the Authorities of India, the Securities and Trade Board of India (Sebi) stated in an announcement.

Different phrases of reference of the committee embody overview funding avenues accessible for FPIs and advise on feasibility of recent funding avenues. The panel can be required to suggest measures for simplification of FPI rules and to advise on custodian-related issues pertaining to such overseas traders.

Other than Subramanian, chiefs of depositories, academician and authorized specialists are a part of the committee.

Different members of the panel embody Harun R Khan, former deputy governor of RBI; Madhav Kalyan, CEO at JP Morgan Chase Financial institution, N.A; HSBC Financial institution CEO Hitendra Dave; Martin Graham, MD of World Public Coverage Group of iShares (BlackRock); Bobby Parikh, Managing Associate at Bobby Parikh Associates, Rushabh Maniar, Associate at AZB & Companions; Rajesh Gandhi, Associate at Deloitte Haskins & sells LLP; and Shashwat Alok, Assistant Professor at Indian Faculty of Enterprise.

Ashishkumar Chauhan, chief of the Nationwide Inventory Trade (NSE), Padmaja Chunduru, MD and CEO at Nationwide Securities Depository Ltd (NSDL), Nehal Vora, MD and CEO at Ltd (), Vikram Kothari, Managing Director of Nationwide Securities Clearing Company Ltd (NSCCL), Nigam S Nuggehalli of Nationwide Regulation Faculty of India College, Bengaluru; and R Subramanian, government director at RBI are the opposite members of the panel.

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