https://www.taxtmi.com/acts?id=6897 A Global Depositary Receipt may be issued over one or more underlying shares or bonds held with a Domestic Custodian Bank and may be denominated in any freely convertible foreign currency, while the underlying ordinary shares and shares issued on conversion of Foreign Currency Convertible Bonds are denominated only in Indian currency. The issuing company with the Lead Manager decides public or private placement, number of receipts, issue price, interest on Foreign Currency Convertible Bonds, conversion price, coupon and conversion option pricing; no lock-in period applies. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 04 Mar 2009 17:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6897 A Global Depositary Receipt may be issued over one or more underlying shares or bonds held with a Domestic Custodian Bank and may be denominated in any freely convertible foreign currency, while the underlying ordinary shares and shares issued on conversion of Foreign Currency Convertible Bonds are denominated only in Indian currency. The issuing company with the Lead Manager decides public or private placement, number of receipts, issue price, interest on Foreign Currency Convertible Bonds, conversion price, coupon and conversion option pricing; no lock-in period applies. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6897