SEBI MEETING WITH FIFA ON RIA

SEBI MEETING WITH FIFA ON RIA

Mr Srikanth Matrubai who had shared his beautiful insights on Social Media has just now shared some relevant information about a meeting that FIFA representatives had with SEBI officials regarding the RIA subject. Please find the key takeouts from the meeting.

Meeting with SEBI

FIFA was invited for a Meeting with Mr Mahalingam – Whole Time Member (WTM) today Morning at 10.00 am .

Full Sebi team was present

WTM was present with
ED, Mr Anant Barua ;
CGM Mr Peeyush Gupta;
GM And other officers

From FIFA :
Lalit Gianchandani , Yasir Varawala ,Vinod Jain and Dhruv Mehta attended.

Meeting started late so we got only 20 min against scheduled time of 45 minutes.

Meeting went well –
we made a presentation sharing our concerns on RIA.

Feedback received by us is that SEBI would not do anything in hurry and they will take decision after due deliberation and in a calibrated manner after taking our concerns into account .

We should not presume that the matter is on hold , and would therefore need to continue to share our concerns at all appropriate forums so that the same are considered before a final decision is made .

We also touched upon Service Tax and Finalmile Study with a request for a separate presentation for the same.

We also informed about FIFA’s 3rd Annual conference and invited the full SEBI team to attend and requested WTM to address our members

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