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The regulator said investors using participatory notes based on derivatives would need to unwind their positions in 18 months.
About half of all foreign investment in India's stock markets is in the form of participatory notes.
It took Indian regulators several years to agree to introduce curbs on foreign investment — their committee was formed to study participatory notes in 2003.
There was $89.8 billion in participatory notes outstanding in August, up from $8.1 billion in March 2004, SEBI reported on Oct. 16.
Last week, after the Indian stock market fell sharply, Mr. Mukherjee announced that he did not intend to tax a derivative financial instrument known as participatory notes.
Foreign investors who have not registered with Indian regulators, a sometimes cumbersome process, can no longer use popular financial instruments known as participatory notes to invest in the market, Mr. Damodaran said on Thursday.
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In the book New Media Literacies and Participatory Popular Culture Across Borders, Amy A. Zenger notes Sasuke and Sakura's relationship to be popular within fan of the series even though the former does not reciprocate to the latter's feelings.
Let's hope they result in more than just participatory Post-it note games.
It is not the only book used for participatory singalongs (shape-note singers tend toward "The Sacred Harp," originally published in 1844), and some singalong groups bring their own songs.
Iyer and Kashyap ([2007]) explored the positive conditions for consumer participatory recycling and noted that the provision of incentives and information was effective in increasing participation.
In Japan, he noted, the participatory and transparent process through which volunteers used Geiger counters to take measurements – now exceeding four million data points – generated public trust in the data at a time when people were skeptical of official pronouncements.
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