FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF SECURITY BY A PERSON RESIDENT OUTSIDE INDIA) REGULATIONS, 2000 (From Regulation 1 to Regulation SCHEDULE 11)
Form DR filing requires Indian companies issuing GDR/ADR to report issuance details and certify regulatory compliance. Form DR requires an Indian company that has arranged issue of GDRs/ADRs to submit a return to the Reserve Bank of India containing issuer and intermediary details, purpose and deployment of proceeds, whether funds remain abroad, pre- and post-issue equity capital breakdown by resident and non-resident categories, number and ratio of instruments to underlying shares, investor details for private placements, listing arrangements, issue expenses, amounts raised and repatriated, and disclosure of FIPB/automatic route status and sectoral caps, with certification of compliance by a Chartered Accountant and authorised company signatory.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Form DR filing requires Indian companies issuing GDR/ADR to report issuance details and certify regulatory compliance.
Form DR requires an Indian company that has arranged issue of GDRs/ADRs to submit a return to the Reserve Bank of India containing issuer and intermediary details, purpose and deployment of proceeds, whether funds remain abroad, pre- and post-issue equity capital breakdown by resident and non-resident categories, number and ratio of instruments to underlying shares, investor details for private placements, listing arrangements, issue expenses, amounts raised and repatriated, and disclosure of FIPB/automatic route status and sectoral caps, with certification of compliance by a Chartered Accountant and authorised company signatory.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
