The SEBI has issued consultation paper on introduction of concept of “Accredited Investors” (‘AI’) in Indian securities market. The paper proposes that resident Individuals, HUFs and Family Trusts having annual income - (i) greater than or equal to Rs. 2 Cr. or (ii) net worth of Rs. 7.5 Cr. or more with more than Rs. 3.75 Cr. of financial assets shall be eligible to be classified as Accredited Investors, and, in case of body corporates, the net worth should be greater than Rs. 50 Cr to be AI.
from taxmann.com News https://www.taxmann.com/research/direct-tax-laws/top-story/222330000000021241/sebi-proposes-introduction-of-concept-of-“accredited-investors”-in-indian-securities-market.aspx
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