Start learning 50% faster. Sign in now
The Securities and Exchange Board of India (Sebi) has issued steps to simplify the requirements for registering as an ‘Accredited Investor’ along with an extension to the validity of the certification.The accreditation agencies will be able to grant certification solely based on the Know-Your-Customer (KYC) and financial information of the applicants. As KYC registration agencies (KRAs) act as accreditation agencies, they will now be able to access KYC documents from the database for this certification. Accredited investors are considered to have the ability to bear the financial risks associated with certain investment products. They may not be subject to the same regulatory oversight as applicable to investment by other investors.  In schemes like Alternative Investment Funds (AIFs), these investors are allowed to go below the minimum threshold.For individuals, Hindi Undivided Families (HUFs) and trusts, Sebi also removed the requirement for certain documents like certificate from a chartered accountant stating net worth for three financial years, proof of basis of valuation of assets like demat account statements, ‘ready reckoner rate’ applicable for real estate assets. Instead, copies of Income Tax Return (ITR) and financial statements have been sought. The requirements have been eased for corporate bodies too. As per regulatory officials, there are only 200 accredited investors registered in the country. Individuals, HUFs, family trusts with income criteria like annual income above Rs 2 crore or net worth above Rs 7.5 crore or those with annual income Rs 1 crore along with a net worth above Rs 5 crore are eligible for the accreditation.
The President of 'Central Public Service Commission' can be removed by whom?
As per the tax regime (FY 2024-25), what is the standard deduction limit allowed on family pension?
Which bank has submitted an application to the Monetary Authority of Singapore for a banking license?
How many of the following members are nominated in Rajya Sabha by the President of India?
India got Rafale fighter aircraft from which country?
As per which of the following banned the use of chlorofluorocarbon (CFC) compounds, as well as other ozone depleting chemicals?
Regarding RBI's Sovereign Green Bonds (SGrBs), which of the following statements is correct?
Among the following options, which languages in India have not been granted the status of classical language?
According to the 7th edition of Swachh Survekshan Awards 2022, most of the clean cities were from which state?
In which Indian state is the Barabati Fort located?