https://www.taxtmi.com/acts?id=6895 Indian companies registered in India deriving at least eighty percent of turnover in the three preceding financial years from specified knowledge based sectors may offer Global Depositary Receipts against ordinary shares to non resident and resident permanent employees (including working directors) and to employees of subsidiary companies, subject to Scheme eligibility conditions and operational guidelines. Specified sectors include Information Technology and Entertainment Software, Pharmaceuticals, Biotechnology, and other government notified knowledge based activities. Multi product diversified companies not meeting the turnover threshold may qualify based on specified average annual export earnings. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 04 Mar 2009 11:50:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6895 Indian companies registered in India deriving at least eighty percent of turnover in the three preceding financial years from specified knowledge based sectors may offer Global Depositary Receipts against ordinary shares to non resident and resident permanent employees (including working directors) and to employees of subsidiary companies, subject to Scheme eligibility conditions and operational guidelines. Specified sectors include Information Technology and Entertainment Software, Pharmaceuticals, Biotechnology, and other government notified knowledge based activities. Multi product diversified companies not meeting the turnover threshold may qualify based on specified average annual export earnings. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6895