Supreme Court refuses to order ‘full public disclosure’ of ultimate beneficiaries of AIFs, FPIs without ‘legal framework’
India’s Supreme Court declined to mandate complete public disclosure of the ultimate beneficiaries of alternative investment funds (AIFs) and foreign portfolio investors, noting the absence of a legal framework. The petition highlighted transparency worries stemming from the rapid growth of these entities. The bench also asked why the parliamentarian chose a public‑interest litigation route under Article 32 rather than addressing the matter in Parliament.