Reporting of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII).
X X X X Extracts X X X X
X X X X Extracts X X X X
....estors and Custodians of Securities Dear Sir / Madam, Sub: Reporting of Offshore Derivative Instruments by Registered Foreign Institutional Investors (FII). Vide circular IMD/CUST/8/2003 dated August 08, 2003 , SEBI advised all FIIs issuing offshore derivative/financial instruments against underlying Indian securities to report issuance / renewal / cancellation / redemption of the afor....
X X X X Extracts X X X X
X X X X Extracts X X X X
..... Therefore, FIIs who have not traded and have no outstanding investments in Indian securities during a particular month (reporting period) will henceforth not be required to submit " Nil" Reports for the month. Additionally, the reporting format (Annexure B) has been modified by inserting a new column B1 titled "Name and jurisdiction of the regulator by whom the offshore derivatives holder is ....
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
TaxTMI