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of <h1>Rule 7: Merchant Bankers Must Submit Key Documents for IDRs to SEBI and Registrar for Compliance and Transparency.</h1> The Companies (Issue of Indian Depository Receipts) Rules, 2004, Rule 7 mandates that the Merchant Banker handling Indian Depository Receipts (IDRs) must submit specific documents to the Securities and Exchange Board of India (SEBI) and the Registrar of Companies in New Delhi. These documents include the constitution of the issuing company, legal provisions of incorporation, business addresses in India, certified translations of non-English documents, the certificate of incorporation, agreements with banks and depositories, and a prospectus signed by the company's directors and Chief Accounts Officer. These documents ensure transparency and compliance with legal requirements for IDR issuance.
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