Fungibility of IDRs permits conversion into underlying equity shares as prescribed by regulators, subject to prescribed manner and conditions. Fungibility of Indian Depositary Receipts permits their conversion into the issuer's underlying equity shares in the manner prescribed by regulators, and compliance with the prescribed manner and conditions operates as an issuance-related requirement.
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.
Fungibility of IDRs permits conversion into underlying equity shares as prescribed by regulators, subject to prescribed manner and conditions.
Fungibility of Indian Depositary Receipts permits their conversion into the issuer's underlying equity shares in the manner prescribed by regulators, and compliance with the prescribed manner and conditions operates as an issuance-related requirement.
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