Repeal of prior depository receipt scheme preserves actions taken under it as taken under the new scheme. The Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 is repealed except to the extent ... Summary
Repeal of prior depository receipt scheme preserves actions taken under it as taken under the new scheme.
The Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 is repealed except to the extent relating to Foreign Currency Convertible Bonds, and any action taken under the 1993 Scheme shall be deemed to have been done under the corresponding provisions of the Depository Receipts Scheme, 2014.
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