Circular No. IMD/FII/ 21 /2006

July 13, 2006

Foreign Institutional Investors and Custodians of Securities

Dear Sir / Madam,

Sub: SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006

1. Enclosed please find a copy of the gazette notification no. S.O.948 (E) dated June 26, 2006 pertaining to SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006 for your information and necessary action.

2. The format for reporting of the investments in security receipts will be circulated separately.

3. A copy of the circular is available at the web page “Foreign Institutional Investors” on our website www.sebi.gov.in .

Yours faithfully,

Sangeeta Uchil

Deputy General Manager

Encl. : Annexure (SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006)

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Investment Management Department Division of Foreign Institutional Investors and Custodians WEB-SITE:www.sebi.gov.in FAX NO: 91 22 2845776 Circular No. IMD/FII/ 21 /2006 July 13, 2006 To Foreign Institutional Investors and Custodians of Securities Dear Sir / Madam, Sub: SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006 1. Enclosed please find a copy of the gazette notification no. S.O.948 (E) dated June 26, 2006 pertaining to SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006 for your information and necessary action. 2. The format for reporting of the investments in security receipts will be circulated separately. 3. A copy of the circular is available at the web page “Foreign Institutional Investors” on our website www.sebi.gov.in . Yours faithfully, Sangeeta Uchil Deputy General Manager Encl. : Annexure (SEBI (Foreign Institutional Investors) (Amendment) Regulations 2006)