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Securities and Exchange Board of India

IMD DEPARTMENT
Web-site: www.sebi.gov.in
Fax No: 91 22 22829520

Circular No. IMD/CUST/11/2003
December 11 , 2003

To

All Custodians of Securities Dear Sir/Madam,

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.

Yours faithfully,

D. CHANDA

CHIEF GENERAL MANAGER

 

S. No
Name of Indian Company
Sectoral Cap Applicable, if any 
Whether Sectoral Cap Breached. Say yes or No
Total No of ADR/GDR issued including those due to corporate actions
Progressive No. of ADR/GDR redeemed in the previous month
Progressive No. of ADR/GDR redeemed till the previous month and sold in the market
Progressive No. of ADR/GDR reissued till the previous month
ADR/GDR redeemed during month and sold in the market
Local Shares deposited for 2 way fungibility
Total no of ADR/GDR outstanding at the end of the month
Value of shares deposited as per contract note[Gross Value(without brokerage]
Quantity of Unsold shares arising out of ADR/GDR conversion
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

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