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of <h1>Listed entities with IDRs must disclose share classes and ensure equal ranking; lien limited to partly paid shares.</h1> A listed entity with Indian Depository Receipts (IDRs) must ensure that the underlying shares rank equally with existing shares of the same class. Any different classes of shares must be disclosed in the annual report. The entity cannot exercise a lien on fully paid underlying shares linked to IDRs and can only exercise a lien on partly paid shares for money due at a fixed time. If any amount is paid in advance on underlying shares, it may earn interest but not dividends or profit participation, subject to the entity's home country laws.
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