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        Bills

        Clause 41 - Global depository receipt.

        Companies Bill, 2011
        Chapter III - Part I
        PROSPECTUS AND ALLOTMENT OF SECURITIES

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        Issuance of depository receipts permitted after special resolution, subject to prescribed manner and conditions for foreign issuance. A company may issue depository receipts in any foreign country after passing a special resolution in its general meeting, subject to the manner and conditions as prescribed, and compliance with prescribed procedures for prospectus and allotment of such securities.
                          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.

                                Issuance of depository receipts permitted after special resolution, subject to prescribed manner and conditions for foreign issuance.

                                A company may issue depository receipts in any foreign country after passing a special resolution in its general meeting, subject to the manner and conditions as prescribed, and compliance with prescribed procedures for prospectus and allotment of such securities.


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