Security classification: Indian Depository Receipts are treated as securities under the foreign exchange regulatory framework. The Reserve Bank notifies that Indian Depository Receipts (IDRs), as defined under the Companies (Issue of Indian Depository Receipts) Rules, 2004, are to be treated as a security for the purposes of the Foreign Exchange Management Act, bringing IDRs within the regulatory and compliance framework applicable to securities under foreign exchange law.
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.
Security classification: Indian Depository Receipts are treated as securities under the foreign exchange regulatory framework.
The Reserve Bank notifies that Indian Depository Receipts (IDRs), as defined under the Companies (Issue of Indian Depository Receipts) Rules, 2004, are to be treated as a security for the purposes of the Foreign Exchange Management Act, bringing IDRs within the regulatory and compliance framework applicable to securities under foreign exchange law.
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