Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Regulation 100: IDRs Can Convert to Equity Shares Post-2013 Amendment, Following SEBI and RBI Guidelines.</h1> Regulation 100 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, addresses the fungibility of Indian Depository Receipts (IDRs). As amended in 2013, this regulation allows IDRs to be converted into the underlying equity shares of the issuing company, subject to the procedures specified by the Securities and Exchange Board of India and the Reserve Bank of India. Prior to this amendment, IDRs were not automatically fungible into the underlying equity shares.