https://www.taxtmi.com/circulars?id=2205 AD Category I banks may allow FIIs to cancel and rebook forward contracts up to a limit of 2 per cent of the market value of their entire investment in India, with eligibility based on portfolio market value at the beginning of the financial year. Outstanding and rebooked contracts must be supported by underlying exposure; total forward cover must not exceed portfolio market value. Banks must monitor forward cover fortnightly and report using a revised format; other Schedule II instructions remain unchanged. en-us Thu, 08 Feb 2007 00:00:00 +0530 Wed, 01 Oct 2008 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=2205 AD Category I banks may allow FIIs to cancel and rebook forward contracts up to a limit of 2 per cent of the market value of their entire investment in India, with eligibility based on portfolio market value at the beginning of the financial year. Outstanding and rebooked contracts must be supported by underlying exposure; total forward cover must not exceed portfolio market value. Banks must monitor forward cover fortnightly and report using a revised format; other Schedule II instructions remain unchanged. Circulars FEMA Thu, 08 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=2205