OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS NON-CONVERTIBLE SECURITIES - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Regulation 74 - Equitable Treatment to IDR Holders.
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Chapter VII OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS INDIAN DEPOSITORY RECEIPTS
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Equitable treatment of IDR holders must mirror rights of home-country security holders for corporate actions and benefits. Regulation 74 requires a listed entity with equity listed abroad to accord equitable treatment to Indian Depository Receipt (IDR) holders relative to home ... Summary
Equitable treatment of IDR holders must mirror rights of home-country security holders for corporate actions and benefits.
Regulation 74 requires a listed entity with equity listed abroad to accord equitable treatment to Indian Depository Receipt (IDR) holders relative to home country security holders for all corporate actions, except where prohibited by Indian law, and to ensure protection of IDR holder interests, including in takeovers, delistings and buy backs, while complying with applicable home country laws.
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