https://www.taxtmi.com/circulars?id=11785 Limited two way fungibility for Indian Depository Receipts is permitted subject to conversion governed by prior guidelines' conditions, fresh issuance under existing provisions, re issuance only to the extent of redeemed/converted and sold IDRs, and an overall capital raising cap monitored by SEBI; issuance, redemption and fungibility are subject to SEBI (Issue of Capital and Disclosure Requirements) Regulations and other applicable government, SEBI and RBI guidelines. en-us Tue, 28 Aug 2012 00:00:00 +0530 Wed, 29 Aug 2012 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11785 Limited two way fungibility for Indian Depository Receipts is permitted subject to conversion governed by prior guidelines' conditions, fresh issuance under existing provisions, re issuance only to the extent of redeemed/converted and sold IDRs, and an overall capital raising cap monitored by SEBI; issuance, redemption and fungibility are subject to SEBI (Issue of Capital and Disclosure Requirements) Regulations and other applicable government, SEBI and RBI guidelines. Circulars FEMA Tue, 28 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11785