Indian Depository Receipts eligibility and disclosure rules require prescribed prospectus contents, investor allocations, and refund safeguards. Chapter 6A establishes eligibility and investor allocation rules for Indian Depository Receipts, mandates comprehensive prospectus disclosures and merchant banker due diligence, and prescribes detailed financial reporting standards, risk-factor presentation and refund/underwriting safeguards for minimum subscription shortfalls. The prospectus must include issuer, market, governance, depositor/custodian and taxation information, statements on forward looking material and recent developments, and statutory certifications; applicable SEBI DIP chapters and schedules apply to IDR issues subject to specific exclusions and home country adaptations.
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Provisions expressly mentioned in the judgment/order text.
Indian Depository Receipts eligibility and disclosure rules require prescribed prospectus contents, investor allocations, and refund safeguards.
Chapter 6A establishes eligibility and investor allocation rules for Indian Depository Receipts, mandates comprehensive prospectus disclosures and merchant banker due diligence, and prescribes detailed financial reporting standards, risk-factor presentation and refund/underwriting safeguards for minimum subscription shortfalls. The prospectus must include issuer, market, governance, depositor/custodian and taxation information, statements on forward looking material and recent developments, and statutory certifications; applicable SEBI DIP chapters and schedules apply to IDR issues subject to specific exclusions and home country adaptations.
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