https://www.taxtmi.com/acts?id=6899 Non-resident holders may transfer or seek redemption of Global Depositary Receipts via the Overseas Depositary Bank, which instructs the Domestic Custodian Bank to release underlying shares for sale or transfer. Redeemed receipts and sold underlying shares may be re issued under applicable foreign exchange regulations. The cost of acquisition of underlying shares on redemption is fixed on the date the Overseas Depositary Bank advises the Domestic Custodian Bank, using the recognised stock exchange price on that date; for conversion of Foreign Currency Convertible Bonds the conversion price determined by reference to the exchange price on conversion is the cost of acquisition. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 05 Mar 2009 11:29:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6899 Non-resident holders may transfer or seek redemption of Global Depositary Receipts via the Overseas Depositary Bank, which instructs the Domestic Custodian Bank to release underlying shares for sale or transfer. Redeemed receipts and sold underlying shares may be re issued under applicable foreign exchange regulations. The cost of acquisition of underlying shares on redemption is fixed on the date the Overseas Depositary Bank advises the Domestic Custodian Bank, using the recognised stock exchange price on that date; for conversion of Foreign Currency Convertible Bonds the conversion price determined by reference to the exchange price on conversion is the cost of acquisition. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6899