Eligibility to issue depository receipts: companies may issue them only if compliant with Scheme and foreign exchange rules. A company may issue depository receipts only if it satisfies the Scheme requirements and the applicable provisions of the Foreign Exchange Management ... Summary
Eligibility to issue depository receipts: companies may issue them only if compliant with Scheme and foreign exchange rules.
A company may issue depository receipts only if it satisfies the Scheme requirements and the applicable provisions of the Foreign Exchange Management Rules and Regulations, making eligibility dependent on conformity with both the Scheme's terms and relevant foreign exchange regulatory provisions before issuance is permissible.
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