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Foreign currency fundraising in IFSCs requires compliance with the Foreign Currency Depository Receipts framework and corporate issuance rules. Domestic companies raising capital in a currency other than Indian Rupee in an IFSC must comply with the Foreign Currency Depository Receipts Scheme, 2014. Foreign jurisdiction companies raising such capital in an IFSC must comply with the Companies Act, 2013 and relevant provisions of the Issue of Capital and Disclosure Requirements Regulations, 2009 as if issuing under the applicable chapters of those regulations.
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Provisions expressly mentioned in the judgment/order text.
Foreign currency fundraising in IFSCs requires compliance with the Foreign Currency Depository Receipts framework and corporate issuance rules.
Domestic companies raising capital in a currency other than Indian Rupee in an IFSC must comply with the Foreign Currency Depository Receipts Scheme, 2014. Foreign jurisdiction companies raising such capital in an IFSC must comply with the Companies Act, 2013 and relevant provisions of the Issue of Capital and Disclosure Requirements Regulations, 2009 as if issuing under the applicable chapters of those regulations.
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