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 76 - Terms of Indian Depository Receipts.
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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Dividend timing parity: IDR issuers must align dividend payments with home country schedules to reach IDR holders simultaneously. Listed entities issuing Indian Depository Receipts must pay dividends in accordance with the timeframe applicable in their home country or other listing ... Summary
Dividend timing parity: IDR issuers must align dividend payments with home country schedules to reach IDR holders simultaneously.
Listed entities issuing Indian Depository Receipts must pay dividends in accordance with the timeframe applicable in their home country or other listing jurisdictions so that IDR holders receive dividend payments on or before the date fixed for payment to the issuer's equity or other security holders; unclaimed dividends must not be forfeited before they become time barred under home country law and forfeitures, when effected, should be capable of annulment; IDRs must have two way fungibility as specified by the Board.
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