Issue of Indian Depository Receipts (IDRs)

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..... ugh a Domestic Depository, to persons resident in India and outside India, subject to the following conditions (1) the issue of IDRs is in compliance with the Companies (Registration of Foreign Companies) Rules, 2014 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; (2) any issue of IDRs by financial/ banking companies having pre .....

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..... to underlying equity shares before the expiry of one year from the date of issue; Redemption/ conversion of IDRs into underlying equity shares of the issuing company shall be a compliance the Foreign Exchange Management (Transfer or Issue of any Foreign Security) Regulations, 2004. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Manageme .....

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