Indian Depository Receipts: subject to Central Government rule-making on offer, disclosures, depository handling and transfer rights. The Central Government is empowered to make rules for Indian Depository Receipts, including rules on offers, required prospectus or letter of offer disclosures, the depository-mode handling and conduct of custodians and underwriters, and the sale, transfer or transmission of IDRs by companies incorporated outside India regardless of whether they have or will have a place of business in India.
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.
Indian Depository Receipts: subject to Central Government rule-making on offer, disclosures, depository handling and transfer rights.
The Central Government is empowered to make rules for Indian Depository Receipts, including rules on offers, required prospectus or letter of offer disclosures, the depository-mode handling and conduct of custodians and underwriters, and the sale, transfer or transmission of IDRs by companies incorporated outside India regardless of whether they have or will have a place of business in India.
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