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        SEBI

        Removal of restrictions on ODIs

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        Removal of restrictions on ODIs expands permitted use and signals regulatory amendment to FII regulations and custodial notice. SEBI lifted restrictions on ODIs, effective from the close of market hours on October 07, 2008; custodians were directed to inform their FII constituents and SEBI indicated that amendments to the FII regulations would be effected, with the circular available on its website.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Removal of restrictions on ODIs expands permitted use and signals regulatory amendment to FII regulations and custodial notice.

                                SEBI lifted restrictions on ODIs, effective from the close of market hours on October 07, 2008; custodians were directed to inform their FII constituents and SEBI indicated that amendments to the FII regulations would be effected, with the circular available on its website.


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