Registrar connectivity requirement mandates depository integration and custodian agreements for issuance of Indian Depository Receipts. Regulation 101A mandates that the issuing company appoint a registrar and transfer agent with connectivity to all depositories and enter into agreements with an overseas custodian bank and a domestic depository; the lead merchant banker must independently assess other intermediaries' capabilities and advise the issuing company on their appointment.
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.
Registrar connectivity requirement mandates depository integration and custodian agreements for issuance of Indian Depository Receipts.
Regulation 101A mandates that the issuing company appoint a registrar and transfer agent with connectivity to all depositories and enter into agreements with an overseas custodian bank and a domestic depository; the lead merchant banker must independently assess other intermediaries' capabilities and advise the issuing company on their appointment.
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