Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005 - Amendments in paragraph 5 and insertion of paragraph 3(1)(Ba)

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..... Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, namely:- 1. This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005. 2. The Scheme shall be deemed to have come into force from the date of publication of Notification. 3. In the Foreign Currency .....

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..... made; or (d) Approval of the Reserve Bank of India under Foreign Exchange Management Act, 1999, where applicable, for meeting issue related expenses has been obtained. It is clarified that private placements of issues, where no offering circular was placed before the overseas exchange(s), would not qualify for "effective steps". 4. After paragraph 5, sub-paragraph (4)(ca), the following sub-p .....

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..... ses has been obtained. It is clarified that private placements of issues, where no offering circular was placed before the overseas exchange(s), would not qualify for "effective steps." 5. After paragraph 5, sub-paragraph (4)(e)(i), the following sub-paragraph shall be inserted, namely :-- "5(4)(e)(i)(a) Listed companies - The companies issuing Foreign Currency Convertible Bonds that have take .....

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