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        Companies Law

        Section 41 - Global depository receipt

        Companies Act, 2013
        Part I
        Public offer

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        Depository receipts issuance allowed after special resolution, subject to prescribed manner and conditions for cross-border offerings. A company may issue depository receipts in any foreign country only after passing a special resolution in its general meeting, and such issuance must be made in the manner and subject to the conditions that may be prescribed.
                      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.

                          Depository receipts issuance allowed after special resolution, subject to prescribed manner and conditions for cross-border offerings.

                          A company may issue depository receipts in any foreign country only after passing a special resolution in its general meeting, and such issuance must be made in the manner and subject to the conditions that may be prescribed.


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