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of <h1>Key Terms Explained for Indian Depository Receipts Issuance Under 2004 Rules: IDRs, Depository, SEBI, and More.</h1> The Companies (Issue of Indian Depository Receipts) Rules, 2004, define key terms related to the issuance of Indian Depository Receipts (IDRs). A 'Chief Accounts Officer' is the financial officer of a company. A 'Depository' is as defined in the Depositories Act, 1996. A 'Domestic Depository' is a SEBI-registered custodian authorized to issue IDRs. An IDR is a depository receipt created in India against foreign company shares. An 'Issuing company' is a foreign-incorporated company issuing IDRs. A 'Merchant Banker' is defined by SEBI rules. An 'Overseas Custodian Bank' is a foreign bank with Indian operations authorized to act as custodian for IDRs. 'SEBI' refers to the Securities and Exchange Board of India. Unspecified terms follow definitions in relevant Indian Acts.
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