TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Guidelines for FIIs on Securities Write-Off: Reporting, Approvals, and Custodian Responsibilities Effective June 1, 2002.</h1> The circular outlines the procedures for Foreign Institutional Investors (FIIs) and their Sub-Accounts (SAs) regarding the write-off of securities. Securities can be written off with prior FII approval and must be reported to SEBI as a sale with nil value. If securities are later recovered, they should be reported as a purchase with RBI approval. In cases where securities cannot be delivered due to unforeseen circumstances, they should be sold, and proceeds credited to the Investors Protection Fund. Corporate benefits from written-off shares must also be reported. Custodians must ensure agreements with clients include these provisions, and all transactions should be reported using specified transaction codes. These instructions take effect on June 1, 2002.
TaxTMI 
TaxTMI 
