Definitions of Indian Depository Receipts framework clarify issuer, depository, custodian and intermediaries roles and regulatory reference to governing statutes. Rule 3 defines key terms for the IDR regime: Indian Depository Receipt (IDR) as a depository receipt issued by a Domestic Depository against underlying equity of a foreign issuing company; identifies Domestic Depository, Overseas Custodian Bank, Merchant Banker, Chief Accounts Officer and SEBI; and mandates that undefined terms take meanings from the Companies Act, Income tax Act, SEBI Act, Depositories Act or their rules and regulations.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Definitions of Indian Depository Receipts framework clarify issuer, depository, custodian and intermediaries roles and regulatory reference to governing statutes.
Rule 3 defines key terms for the IDR regime: Indian Depository Receipt (IDR) as a depository receipt issued by a Domestic Depository against underlying equity of a foreign issuing company; identifies Domestic Depository, Overseas Custodian Bank, Merchant Banker, Chief Accounts Officer and SEBI; and mandates that undefined terms take meanings from the Companies Act, Income tax Act, SEBI Act, Depositories Act or their rules and regulations.
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