Registrar connectivity requirement mandates depository integration and custodian agreements for issuance of Indian Depository Receipts. Regulation 101A mandates that the issuing company appoint a registrar and transfer agent with connectivity to all depositories and enter into agreements ... Summary
Registrar connectivity requirement mandates depository integration and custodian agreements for issuance of Indian Depository Receipts.
Regulation 101A mandates that the issuing company appoint a registrar and transfer agent with connectivity to all depositories and enter into agreements with an overseas custodian bank and a domestic depository; the lead merchant banker must independently assess other intermediaries' capabilities and advise the issuing company on their appointment.
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