Permissible Jurisdictions for Depository Receipts defined; issuers must list DRs only on specified international exchanges. Issuance of Depository Receipts is permitted only in Permissible Jurisdictions and such DRs must be listed on specified International Exchanges; the Central Government has notified the list of Permissible Jurisdictions and SEBI has listed the corresponding International Exchanges in Annexure A. Stock exchanges and depositories must amend bye laws, rules and regulations, notify issuers and custodians, and disseminate the provisions on their websites to implement the framework under SEBI's regulatory powers.
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Provisions expressly mentioned in the judgment/order text.
Permissible Jurisdictions for Depository Receipts defined; issuers must list DRs only on specified international exchanges.
Issuance of Depository Receipts is permitted only in Permissible Jurisdictions and such DRs must be listed on specified International Exchanges; the Central Government has notified the list of Permissible Jurisdictions and SEBI has listed the corresponding International Exchanges in Annexure A. Stock exchanges and depositories must amend bye laws, rules and regulations, notify issuers and custodians, and disseminate the provisions on their websites to implement the framework under SEBI's regulatory powers.
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