In a move to enhance ease of doing business, the Securities and Exchange Board of India (Sebi) has streamlined the onboarding process for Foreign Portfolio Investors (FPIs). The regulator will now permit the use of digitally signed Power of Attorney (PoA) documents.

Digital Documentation Approved

The decision to accept digitally signed PoA marks a significant shift from traditional physical paperwork requirements. This change is expected to reduce the administrative burden on foreign investors looking to enter the Indian market.

Impact on Foreign Investment

By simplifying the documentation requirements, Sebi aims to attract more foreign capital. The move aligns with broader efforts to digitize regulatory processes and improve the overall investment climate in the country.