Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Depository Receipts Scheme, 2014: Obligations for Custodians and Depositories Under Foreign Exchange Management Act and SEBI Compliance.</h1> The Depository Receipts Scheme, 2014, outlines obligations for domestic custodians and Indian depositories. Domestic custodians must comply with the Scheme's provisions, maintain transaction records, report to Indian depositories for monitoring under the Foreign Exchange Management Act, and provide information to regulatory authorities. They must also file documents with SEBI regarding depository receipts issued on securities. Indian depositories are required to coordinate and disseminate information on outstanding permissible securities and conversion limits. Individuals issuing or transferring securities to foreign depositories must adhere to Indian laws concerning the issue and cancellation of depository receipts.