Sebi further extends deadline for new FPI limits monitoring system

Under the new rules, the system for monitoring the foreign investment limits in listed Indian companies will be implemented and housed at the depositories - NSDL and CDSL

Markets regulator Sebi today further extended the deadline till June 1 for putting in place a new system for depositories to monitor the foreign investment limits in listed Indian companies.

Securities and Exchange Board of India (Sebi) has extended the last day for the second time after taking into consideration representations from various quarters.

Earlier, the deadline was May 18 and prior to that it was May 1.

In a circular, the regulator said, "the new system for monitoring foreign investment limits in listed Indian companies shall be made operational on June 1, 2018".

Further, the regulator has given more time to companies to provide the