Foreign Currency Convertible Bonds via depository receipts enable Indian companies to issue bonds and ordinary shares under a notified scheme.

Notification establishes a Scheme enabling Indian companies to issue Foreign Currency Convertible Bonds and ordinary shares through the Depositary Receipt Mechanism, providing the legal basis for such issuances and conversion into underlying equity; the Scheme is named and is treated as having commenced with effect from the specified operative date.

---

---

---