Amendment to SEBI Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 and Circular No. IMD/FPIC/CIR/P/2018/74 dated April 27, 2018 on Monitoring of Foreign Investment limits in listed Indian companies
Summary
This circular amends previous SEBI directives regarding the monitoring of foreign investment limits in listed Indian companies. It extends the deadline for companies to provide necessary data to depositories until May 25, 2018. The new monitoring system is scheduled to become operational on June 01, 2018.
Text
The deadline for the companies to provide the necessary data to the depositories has been extended to May 25, 2018.
The new system for monitoring foreign investment limits in listed Indian companies shall be made operational on June 01, 2018.
Custodians are requested to bring the contents of this circular to the notice of their FPI clients.
Source: SecMarx — Amendment to SEBI Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 and Circular No. IMD/FPIC/CIR/P/2018/74 dated April 27, 2018 on Monitoring of Foreign Investment limits in listed Indian companies. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.