National Securities Depository Limited (NSDL), vide a Circular dated April 27, 2018, has drawn attention of all Issuers and Registrar and Share Transfer Agents (RTAs) to take note of NSDL Circular dated April 13, 2018 regarding Monitoring of Foreign Investment limits in listed Indian companies.
Further, NSDL has brought attention to SEBI Circular No. IMD/FPIC/CIR/P/2018/74 dated April 27, 2018 which clarifies as follows:
· The deadline for the companies to provide the necessary data to the depositories has been extended to May 15, 2018 from April 30, 2018.
· The new system for monitoring foreign investment limits in listed Indian companies will be made operational on May 18, 2018 instead of May 1, 2018.
All Issuers/R&T Agents are requested to take a note of the above and are advised to inform their client companies in this regard.
[Circular No.: NSDL/CIR/II/15/2018]