Two-way fungibility of ADRs/GDRs requires custodians to submit monthly non-breach certificates and standardized reports. Custodians must submit a monthly certificate under clause e) confirming non-breach of sectoral caps and a clause q) monthly report in prescribed format, in both hard and soft copy, by the 10th of each month; the report must record company-level ADR/GDR data including issuance, redemptions, reissues, outstanding instruments, inward remittances and unsold shares from conversions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Two-way fungibility of ADRs/GDRs requires custodians to submit monthly non-breach certificates and standardized reports.
Custodians must submit a monthly certificate under clause e) confirming non-breach of sectoral caps and a clause q) monthly report in prescribed format, in both hard and soft copy, by the 10th of each month; the report must record company-level ADR/GDR data including issuance, redemptions, reissues, outstanding instruments, inward remittances and unsold shares from conversions.
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