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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government Sets Rules for Indian Depository Receipts: Offerings, Disclosures, and Transfers for Foreign Companies</h1> The Central Government is empowered to establish rules concerning Indian Depository Receipts (IDRs) for companies incorporated outside India. These rules cover the offering of IDRs, disclosure requirements in prospectuses or offer letters, handling of IDRs in a depository mode by custodians and underwriters, and the procedures for sale, transfer, or transmission of IDRs. These provisions apply regardless of whether the company has or will have a business presence in India.
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