Capital account liberalisation: mandatory reporting and database obligations for authorised dealers alongside clarified overseas investment restrictions. Authorised dealers must implement a reporting mechanism and obtain declarations to maintain a uniform database recording investor identity and transaction particulars (including PAN, remittance amounts and dates, scrip details, purchase/sale dates, brokerage and net balance held abroad). Designated branches must forward monthly statements compiled from this database in the prescribed format for each investor category to the Reserve Bank by the tenth of the succeeding month. Permitted remittances include initial registration fees to overseas brokers; investments are confined to cash equity purchases in listed companies subject to specified conditions, while money market funds, bank deposits, investments with borrowed funds, lending of acquired securities, and certain investments routed through SPVs or in specified foreign entities are not permitted.
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Capital account liberalisation: mandatory reporting and database obligations for authorised dealers alongside clarified overseas investment restrictions.
Authorised dealers must implement a reporting mechanism and obtain declarations to maintain a uniform database recording investor identity and transaction particulars (including PAN, remittance amounts and dates, scrip details, purchase/sale dates, brokerage and net balance held abroad). Designated branches must forward monthly statements compiled from this database in the prescribed format for each investor category to the Reserve Bank by the tenth of the succeeding month. Permitted remittances include initial registration fees to overseas brokers; investments are confined to cash equity purchases in listed companies subject to specified conditions, while money market funds, bank deposits, investments with borrowed funds, lending of acquired securities, and certain investments routed through SPVs or in specified foreign entities are not permitted.
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