May 3, 2018 / 1:48 PM / 2 months ago

BRIEF-RBI Says To Have New System For Monitoring Foreign Investment Limit In Cos

May 3 (Reuters) -

* RBI SAYS IN CONSULTATION WITH SEBI HAS DECIDED TO PUT IN PLACE A NEW SYSTEM FOR MONITORING FOREIGN INVESTMENT LIMITS IN INDIAN COS

* RBI SAYS NECESSARY INFRASTRUCTURE AND SYSTEMS FOR OPERATIONALIZING MONITORING MECHANISM TO BE MADE AVAILABLE BY DEPOSITORIES

* RBI SAYS COS NEED TO PROVIDE DATA ON FOREIGN INVESTMENT TO DEPOSITORIES BY MAY 15

* RBI SAYS LISTED INDIAN COMPANIES NOT COMPLYING WITH INSTRUCTIONS WILL NOT BE ABLE TO RECEIVE FOREIGN INVESTMENT Source text for Eikon: (Mumbai newsroom)

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