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of <h1>SEBI Sets New Framework for Issuing Depository Receipts in Specified Jurisdictions; Aims to Protect Investor Interests.</h1> The Securities and Exchange Board of India (SEBI) issued a circular outlining the framework for the issuance of Depository Receipts (DRs) by listed companies. These companies can issue or transfer permissible securities for DRs in specified jurisdictions, which are determined by the Central Government. The DRs must be listed on designated international exchanges. The circular mandates stock exchanges and depositories to amend their regulations accordingly and inform issuers and custodians. The circular is issued under SEBI's authority to protect investor interests and regulate the securities market. The list of permissible jurisdictions and exchanges includes the USA, Japan, South Korea, UK, France, Germany, Canada, and India's International Financial Services Centre.
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