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of <h1>Article 4: Foreign Depositories Can Issue Receipts via Public Offerings, Private Placements, or Other Approved Methods.</h1> Article 4 of the Companies Law under the Depository Receipts Scheme, 2014, outlines the issuance of depository receipts by foreign depositories. These receipts can be issued through public offerings, private placements, or other methods allowed in the jurisdiction. Issuers can provide permissible securities to foreign depositories for issuing these receipts using any approved method. Holders of permissible securities can transfer them to a foreign depository for depository receipt issuance, with or without issuer approval, through recognized stock exchanges, bilateral transactions, or public platforms.
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