Regulation 100 - Fungibility - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

1 [Fungibility. 100. The Indian Depository Receipts shall be fungible into underlying equity shares of the issuing company in the manner specified by the Board and Reserve Bank of India, from time to time.] *********** 1 Substituted by Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2013, w.e.f. 27.02.2013. Prior to its substitution, it read as under:- Fungibility. 100. The Indian depository Receipts shall not be automatically fungible into underlying equity shares of issuing company.