Two-way fungibility of ADRs/GDRs.

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..... Series) dated February 13, 2002. In this regard RBI has clarified the following: 1. Certificate regarding non-breaching of sectoral caps to RBI/SEBI in terms of clause e) of the Operative Guidelines shall be submitted by the custodians on monthly basis. This monthly certificate shall be submitted by the custodians by 10th of every month. 2. Monthly report in terms of clause q) of the Operative Guidelines shall be submitted by the custodians to RBI/SEBI in the enclosed format. This monthly report shall be submitted by the custodians both in hard copy as well as soft copy by 10th of every month. The custodians are therefore advised to ensure compliance of the aforesaid clarifications. Yours .....

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..... 9. 10. 11. 12. 13. .....

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