Companies (Issue of Indian Depository Receipts) Amendment Rules, 2012 - In Rule 10 - Procedure for transfer and redemption regarding. - G.S.R.736(E) - Companies Law
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Transferability of Indian Depository Receipts now permitted with redemption and reissuance, subject to foreign exchange and securities law compliance. The substituted Rule 10(1) permits a holder of IDRs to transfer them or request domestic depository redemption, and allows any person to seek reissuance of IDRs by conversion of underlying equity shares, subject to the Foreign Exchange Management Act, the Securities and Exchange Board of India Act, related rules, regulations or guidelines, and other law for the time being in force.
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.
Transferability of Indian Depository Receipts now permitted with redemption and reissuance, subject to foreign exchange and securities law compliance.
The substituted Rule 10(1) permits a holder of IDRs to transfer them or request domestic depository redemption, and allows any person to seek reissuance of IDRs by conversion of underlying equity shares, subject to the Foreign Exchange Management Act, the Securities and Exchange Board of India Act, related rules, regulations or guidelines, and other law for the time being in force.
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