July 3: The Securities and Exchange Board of India (SEBI) has proposed allowing Foreign Portfolio Investors (FPIs) and Foreign Venture Capital Investors (FVCIs) to pay registration and renewal fees in Indian rupees (INR), aiming to simplify compliance and reduce transaction complexity for foreign investors.
The move is intended to streamline administrative procedures, eliminate foreign currency payment requirements, and improve ease of doing business in India’s capital markets.
The proposal is currently under consideration and will be implemented after regulatory approvals and stakeholder consultations.