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of <h1>SEBI Revises Reporting Format for Custodians on ADR/GDR Fungibility; Monthly Reports Due to RBI by 10th Each Month.</h1> The circular issued by SEBI addresses custodians of securities regarding the two-way fungibility of American Depository Receipts (ADRs) and Global Depository Receipts (GDRs). It refers to a previous circular and announces a revision in the format for monthly reports that custodians must submit to the Reserve Bank of India (RBI) and SEBI. The revised format, effective from December 2003, includes changes to specific columns in the report. Custodians are required to submit these reports, covering transactions up to the last Friday of each month, in both hard and soft copies by the 10th of the following month.
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