Depository receipt conversion rules expanded to allow broker purchases and company-sponsored issues, with compliance and repatriation conditions. The amendment authorises registered brokers to buy shares on recognised exchanges on behalf of non-residents for conversion into ADRs/GDRs, conditioned on Custodian permission and deposit, compliance with the 1993 Depository Receipt Scheme and sectoral caps, and limits on shares purchased to match ADRs/GDRs converted. It also permits Indian companies to sponsor ADR/GDR issues through overseas depositories with lead-manager pricing, repatriation of proceeds within one month, compliance with the 1993 Scheme and notification to the Reserve Bank within thirty days. The foreign ownership ceiling in Schedule 2 is raised to a higher threshold.