Two-way fungibility of ADRs/GDRs: custodians must file revised monthly reports to regulators by the prescribed deadline. Custodians must use the amended monthly report format for two-way fungibility of ADRs/GDRs, reflecting revisions to columns 10 and 12, and submit transactions up to the last Friday of the month in both hard and electronic form to SEBI/RBI by the 10th of the following month; the revision is effective from the December 2003 report and the annexed schedule specifies required disclosure fields including sectoral cap status, issuance and redemption progressives, shares deposited for fungibility, outstanding ADR/GDRs, gross value of deposited shares, and unsold conversion shares.
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Two-way fungibility of ADRs/GDRs: custodians must file revised monthly reports to regulators by the prescribed deadline.
Custodians must use the amended monthly report format for two-way fungibility of ADRs/GDRs, reflecting revisions to columns 10 and 12, and submit transactions up to the last Friday of the month in both hard and electronic form to SEBI/RBI by the 10th of the following month; the revision is effective from the December 2003 report and the annexed schedule specifies required disclosure fields including sectoral cap status, issuance and redemption progressives, shares deposited for fungibility, outstanding ADR/GDRs, gross value of deposited shares, and unsold conversion shares.
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