Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>IT Companies Can Offer Global Depositary Receipts to Employees of Indian and Overseas Subsidiaries in Software Services.</h1> Indian companies involved in Information Technology Software and Services, as specified in the Planning Commission's notification, are permitted to offer Global Depositary Receipts to non-resident and resident permanent employees, including Indian and overseas working directors, of their subsidiary companies. These subsidiaries can be located in India or abroad and must also be engaged in Information Technology Software and Services. The issuance of these receipts is contingent upon meeting eligibility conditions and operational guidelines set by the government, which are updated periodically.
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