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>Non-residents can freely trade GDRs issued under the 1993 Scheme as per section 2(q) of the Foreign Exchange Regulation Act, 1973.</h1> Global Depositary Receipts (GDRs) issued under the 1993 Scheme can be listed on overseas stock exchanges, over-the-counter exchanges, or through book entry transfer systems abroad. These GDRs can be purchased, held, and transferred freely by non-residents as defined under section 2(q) of the Foreign Exchange Regulation Act, 1973, provided they comply with the provisions of that Act.
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