The Reserve Bank of India today released on its website for comments and feedback, the revised procedure for reporting the transfer of shares/convertible debentures, by way of sale, from resident to non-resident and vice versa under the Foreign Direct Investment Scheme. The procedure has been revised to capture the details of investment in a more comprehensive manner. The revised procedure also proposes to introduce KYC check on the remitter/investor. Comments/feedback on the proposals contained in the draft guidelines may be sent by December 26, 2008 by email or to the Chief General Manager-in-Charge, Reserve Bank of India, Foreign Exchange Department, Foreign Investment Division, Central Office Building, 11th Floor, S. B. Singh Marg, Mumbai-400001.