Monitoring of foreign holdings in depository receipts ensures regulated issuance and daily headroom reporting by depositories. Framework requires a listed company to appoint one Indian depository as the Designated Depository to compute, consolidate and disseminate ISIN-wise DR information. Domestic Custodians must provide initial and ongoing DR details, maintain underlying permissible securities in a prescribed demat sub type, and report approvals and utilisation for re issuance. Designated and Feed Depositories shall exchange daily investor wise holdings, consolidate outstanding permissible securities, calculate conversion headroom (original DRs less outstanding securities and unutilised re issuance approvals) and publish headroom on their websites.
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.
Monitoring of foreign holdings in depository receipts ensures regulated issuance and daily headroom reporting by depositories.
Framework requires a listed company to appoint one Indian depository as the Designated Depository to compute, consolidate and disseminate ISIN-wise DR information. Domestic Custodians must provide initial and ongoing DR details, maintain underlying permissible securities in a prescribed demat sub type, and report approvals and utilisation for re issuance. Designated and Feed Depositories shall exchange daily investor wise holdings, consolidate outstanding permissible securities, calculate conversion headroom (original DRs less outstanding securities and unutilised re issuance approvals) and publish headroom on their websites.
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