Issue of depository receipts permitted by public offering, private placement, or other recognised modes, with transferable securities. A foreign depository may issue depository receipts by public offering, private placement, or other modes recognised in a permissible jurisdiction. Issuers may issue permissible securities to a foreign depository for creating depository receipts by any lawful issuance mode. Holders may transfer permissible securities to a foreign depository, with or without issuer approval, through a recognized stock exchange, bilateral transactions, or tendering on a public platform.