Issue of Indian Depository Receipts: new definition, disclosure duties and RBI approval route for nonresident transfers. The amendments introduce the definition of Overseas Custodian Bank, delete and renumber several clauses to remove references to draft or final letters of offer, and update cross references in rules 5, 6, 7 and 9. Rule 9 permits non resident persons to purchase, possess and transfer IDRs subject to specific Reserve Bank of India approval or applicable RBI policy. Rule 10 replaces residency terminology with 'holder of IDRs,' and rule 11 requires issuing companies to comply with SEBI specified continuous disclosure requirements. Schedule para 6 tightens audit and reporting obligations for issuing companies, including a 120 day recency limit for reports.