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Investment in Depository receipts by a person resident outside India

Schedule 09 [See Regulation 5(9)] - Regulation - Schedules - FEMA - Schedule 09 [See Regulation 5(9)] - Schedule 9 [See Regulation 5(9)] 1. Issue/ transfer of eligible instruments to a foreign depository for the purpose of issuance of depository rece .....

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Scheme, 2014). (2) A person will be eligible to issue or transfer eligible instruments to a foreign depository for the purpose of issuance of depository receipts in accordance with the DR Scheme, 2014 and guidelines issued by Central Government in th .....

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ligible instruments which may be issued or transferred to foreign depositories, along with eligible instruments already held by persons resident outside India, shall not exceed the limit on foreign holding of such eligible instruments under the Act, .....

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