The Securities and Exchange Board of India (SEBI) vide Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 had introduced a new system for Monitoring of Foreign Investment limits in listed Indian companies and prescribed guidelines with respect to the necessary infrastructure, data to be provided by listed Indian companies and other related matters.
In this regard, it is clarified as under:
1. The deadline for the companies to provide the necessary data to the depositories has been extended to May 15, 2018.
2. The new system for monitoring foreign investment limits in listed Indian companies shall be made operational on May 18, 2018.