Reporting of write off of securities held by Foreign Institutional Investors and Sub-Accounts

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..... off of securities held by Foreign Institutional Investors and Sub-Accounts. It has been brought to our notice that some of the Foreign Institutional Investors (FIIs) have been writing off securities held by them or their Sub-Accounts (SAs) due to various reasons. It has been decided that the following procedure for writing off securities and reporting to SEBI may be adopted: 1 .....

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..... taken : sell these securities through stock exchange and proceeds thereof net of expenses shall be credited to the Investors Protection Fund of the regional stock exchange of the company not later than 7 days from the date of receipt thereof. the aforesaid sale transaction should be reported to SEBI as a normal sale. Confirmation in this regard shall be submitted to S .....

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..... ll as disinvestment and appropriation of proceeds thereof as cited above. 7. Reporting Procedure: a) Write off: The write off of securities as stated at para 2 above shall be reported to SEBI as sale with nil value / compensation received from broker/exchange/bank/company under transaction code 17. b) Write back: The write back shall be reported to SEBI as purcha .....

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