The Securities and Exchange Board of India (SEBI) vide Circular No. IMD/FPIC/CIR/P/2018/61 dated April 5, 2018 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 view of the requests from various stakeholders, the following has been decided:
1. The deadline for the companies to provide the necessary data to the depositories has been extended to May 25, 2018.
2. The new system for monitoring foreign investment limits in listed Indian companies shall be made operational on June 01, 2018.