Capital Account Transactions – Liberalisation - Clarification

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..... ed in Annexure I to this circular. 2. Authorised dealers are required to put in place an adequate reporting mechanism and obtain such declaration/undertaking from their constituents to enable them to maintain a database. However, in order to ensure availability of uniform database, designated branches of authorised dealers may maintain the details of transactions routed through them as under :- i. Name/address/Telephone/Fax No./e-mail ID/PAN No. ii. Amount remitted to broker iii. Date of remittance iv. Date of purchase of shares v. Name of the scrip purchased vi. Amount paid Price/Premium brokerage/Total vii. Date of sale of shares viii. Amount received Price/Premium/Total ix. Net balance held abroad 3. As sta .....

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..... as brokerage firms. 2. Availment of various facilities provided by overseas brokerage firms At present overseas investment is permitted in companies listed on a recognised stock exchange and which have a minimum shareholding of 10 per cent in an Indian company listed on a recognised stock exchange in India. Investment in money market funds or bank deposits is not permitted. Investment is allowed in equity instruments by way of cash remittances only. Investment with borrowed funds is not permitted. Similarly, the investors are not permitted to lend the securities acquired and lying with the brokers or with a depository for the purpose of earning any return thereon. 3. Investment in - a. Listed companies where subsidiaries are .....

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..... Investments made during the month (Outflow) Disinvestments made during the month (Inflow) Net amount of Investment held abroad (1) (2) (3) (2)-(3) Position as on 1 st of---------- xx xx Position as on 30 th / 31 st of----- Mutual Funds* (USD in thousands) Name of the Mutual Fund Investments made during the month (Outflow) Disinvestments made during the month (Inflow) Net amount of Investment held abroad ADR/ GDR Debt Instru-ments Equity ADR/ GDR Debt Instru- ments Equity ADR/ GDR Debt .....

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