Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2013. - LAD-NRO/GN/2012-13/32/4947 - SEBI
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Fungibility of Indian Depository Receipts enables conversion into underlying equity shares as specified by the Board and Reserve Bank. The amendment substitutes regulation 100 to provide that Indian Depository Receipts shall be fungible into underlying equity shares of the issuing company in the manner specified by the Board and the Reserve Bank of India; the Regulations are made under statutory empowerment and shall come into force on publication in the Official Gazette.
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.
Fungibility of Indian Depository Receipts enables conversion into underlying equity shares as specified by the Board and Reserve Bank.
The amendment substitutes regulation 100 to provide that Indian Depository Receipts shall be fungible into underlying equity shares of the issuing company in the manner specified by the Board and the Reserve Bank of India; the Regulations are made under statutory empowerment and shall come into force on publication in the Official Gazette.
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