Regulation 96 - Applicability - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

CHAPTER X ISSUE OF INDIAN DEPOSITORY RECEIPTS Applicability. 96. (1) The provisions of this Chapter shall apply to an issue of Indian Depository Receipts (hereinafter referred to as IDR ) made in terms of section 605A of the Companies Act, 1956 and Companies (Issue of Indian Depository Receipts) Rules, 2004. (2) All provisions of these regulations shall be applicable in case of issue of IDR, except the disclosure requirements with respect to public issue and rights issue of specified securities as provided in these regulations and the following: (a) clauses (a), (b), (c) and (f) of sub-regulation (2) of regulation 4; (b) sub-regulations (1), (2) and (3) of regulation 6, (c) clauses (c),(d) and (e) of sub-regulation (1) of regulation 8; (d) sub-regulations (2) and (3) of regulation 8; (e) regulations 10,16,17,19, 20,21,22,23,24,26,27,31,41, 42, 1 [***] 45,47, 49 and 68; (f) sub-regulation (2) of regulation 11; (g) sub-regulation (2) of regulation 28; (h) clauses (b) and (c) of regulation 29; (i) Parts III and IV of Chapter III; 2 [(ia) regulation 43, except sub-regulation (3) thereof;] (j) Chapter IV; (k) sub-regulation (3) of regulation 65; (l) Chapters VII, VIII and IX. (3) Further, the applicability of regulation 60 shall be as follows: (a) the applicability of sub-regulations (1) and (7) and Explanation II shall be restricted to any issue advertisements made in India or any research report circulated in India, pertaining to the IDR issue of the issuing company; (b) the applicability of sub-regulations (2) and (3) shall be restricted to any public communications and publicity material issued or published in any media in India; (c) the applicability of sub-regulations (5) and (6) shall be restricted to any material or information released in India and any issue advertisements and publicity materials issued or published in any media in India; (d) the applicability of sub-regulation (13) shall be restricted to any product advertisement of an issuing company issued or published in any media in India; (e) all other provisions of regulation 60 shall be applicable. ********* 1 Figure and mark 43, omitted by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009, w.e.f. 11.12.2009. 2 Inserted by SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2009, w.e.f. 11.12.2009.