Procedure for making an issue of IDRs.

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....ission under clause (a) shall be made to the SEBI at least 90 days prior to the opening date of the issue, in such form furnishing such information as may be notified from time to time with a non-refundable fee of US $ 10,000: Provided that, on permission being granted, an applicant shall pay an issue fee of half a per cent of the issue value subject to a minimum of Rs. 10 lakhs where the issue i....

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....nderlying equity shares or cause them to be delivered to an Overseas Custodian Bank and the said bank shall authorize the domestic depository to issue IDRs. (g) The issuing company shall file through a merchant banker or the domestic depository a due diligence report with the Registrar and with SEBI in the form specified. (ii) (a) The issuing company shall, through a merchant Banker file a pro....