GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
GENERAL OBLIGATIONS OF ISSUER AND INTERMEDIARIES WITH RESPECT TO PUBLIC ISSUE AND RIGHTS ISSUE - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009
Fungibility of Indian Depository Receipts now permitted, subject to the manner specified by SEBI and Reserve Bank. Indian Depository Receipts shall be fungible into the underlying equity shares of the issuing company in the manner specified by the Board and the Reserve ... Summary
Fungibility of Indian Depository Receipts now permitted, subject to the manner specified by SEBI and Reserve Bank.
Indian Depository Receipts shall be fungible into the underlying equity shares of the issuing company in the manner specified by the Board and the Reserve Bank of India; the amendment replaced a prior prohibition on automatic fungibility, allowing conversion subject to regulator-determined procedures.
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