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The board of stock market regulator SEBI is set to meet on Tuesday, confirmed sources.
The most prominent item on the agenda is the process by which PSUs may be allowed to raise money through the auction route.
Discussion on buyback of PSU shares is also on the agenda.
Another issue on the agenda could be the direct entry of qualified foreign investors (QFI).
“It would be interesting to see how the regulator goes about implementing its steps to curb round tripping of funds through the QFI route,” said a Vice President-IPO distribution of an Indian Financial services firm.
NRIs and OCBs were banned from directly entering Indian capital market after the Ketan Parekh scam broke out.
The government has spelt out the procedure for QFI investments in India.
Investment is restricted to QFIs who belong to countries that are signatories of the International Organisation of Securities Commissions', Financial Action Task Force (FATF) recommendations.
FATF is an inter-governmental policy making body that has published 49 recommendations, focussing on prevention of money laundering and terrorist financing.
>raghavendrarao.k@thehindu.co.in
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