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<h1>Indian Depository Receipts Must Be Listed on Recognized Stock Exchanges as per Rule 5 Clause (iii)</h1> Indian Depository Receipts (IDRs) issued under these rules must be listed on recognized stock exchanges in India, as specified in clause (iii) of Rule 5. These IDRs can be purchased, held, and freely transferred by individuals residing in India, in accordance with the definition provided in section 2(v) of the Foreign Exchange Management Act, 1999, and subject to its provisions.