IDR transfer and redemption: holders may transfer, redeem, or seek reissuance subject to applicable exchange and securities compliance. Rule 10 allows IDR holders to transfer, seek redemption, or pursue reissuance by conversion of underlying shares subject to foreign exchange and securities law compliance; on redemption the domestic depository must request the overseas custodian to release underlying shares in favour of the Indian resident for sale or transfer and notify the issuing company; holders may nominate a beneficiary using the prescribed nomination form.
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.
IDR transfer and redemption: holders may transfer, redeem, or seek reissuance subject to applicable exchange and securities compliance.
Rule 10 allows IDR holders to transfer, seek redemption, or pursue reissuance by conversion of underlying shares subject to foreign exchange and securities law compliance; on redemption the domestic depository must request the overseas custodian to release underlying shares in favour of the Indian resident for sale or transfer and notify the issuing company; holders may nominate a beneficiary using the prescribed nomination form.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
