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Circular No. IMD/CUST/11/2003
Sub: Two-way fungibility of ADRs/GDRs.
Please refer to our Circular No. D&CC/FITTC/CIR-11/2002 dated October 03, 2002 enclosing the format for submitting monthly report to RBI/SEBI in terms of clause q) of the Operative Guidelines on the two-way fungibility under the issue of "Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993" issued by Reserve Bank of India ("RBI") vide its circular no. 21 (DIR Series) dated February 13, 2002. It has been decided to revise the aforesaid format particularly the column nos. 10 and 12 . The revised format is enclosed in Annexure A. This monthly report shall include transactions upto and inclusive of the last Friday of the month and shall be submitted by the custodians both in hard copy as well as soft copy by the 10th of the following month. This revision will be effective from the monthly report pertaining to December 2003 onwards .
The custodians are advised to note the revision and ensure compliance
in their future reporting.
CHIEF GENERAL MANAGER