Tuesday June 12 2012
News Source: Global Disclosures
Focus: Foreign Investment
Type: General
Country: India
On a review by the Securities and Exchange Board of India (SEBI), it has been decided to revise the reporting of India Offshore derivative instruments, timelines specified in para 3 of Circular dated January 17, 2011 which are as follows:-
- FIIs issuing ODIs/PNs shall submit details of ODI/PN transaction report (Annexure A, B and C) along with the monthly summary report by 10th of every month for previous month`s ODI transactions. The first such report shall be submitted for the month of October 2012 by November 10, 2012.
- The details of ODI/PN transaction report for month of December 2011 to April 2012 shall be submitted with six months lag.
- The details of ODI/PN transactions report for month of May 2012 to September 2012 shall be submitted along with report of October 2012 by November 10, 2012.
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