Procedure for making an issue of IDRs.

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..... ) An application seeking permission 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 o .....

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..... DRs. (f) The issuing company shall deliver the underlying 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. (i .....

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..... nges have been incorporated therein. (iii) The issuing company, seeking permission under sub-rule (i) above, shall obtain in-principle listing permission from one or more stock exchanges having nation wide trading terminals in India. (iv) The issuing company may appoint underwriters registered with SEBI to underwrite the issue of IDRs. - - statute, statutory provisions l .....

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