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of <h1>RBI Circular: New Monitoring System for Foreign Investment Limits in Indian Companies; Compliance Mandatory by May 15, 2018.</h1> The Reserve Bank of India (RBI) has issued a circular to all Category-I Authorised Dealer Banks regarding the monitoring of foreign investment limits in listed Indian companies. The circular mandates compliance with sectoral and statutory caps on foreign investment, placing the responsibility on Indian investee companies. To ensure adherence, a new monitoring system will be implemented, developed in consultation with the Securities and Exchange Board of India (SEBI). Listed Indian companies must provide data on foreign investments to depositories by May 15, 2018. Non-compliance will result in restrictions on receiving foreign investments. Banks must inform their clients and report NRI investments to depositories.
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