https://www.taxtmi.com/notifications?id=25077 Eligible companies resident outside India may issue Indian Depository Receipts (IDRs) through a Domestic Depository to persons resident in India and abroad, subject to compliance with the Companies (Issue of Indian Depository Receipts) Rules, 2004 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009; financial/banking issuers with presence in India require prior sectoral regulator approval; IDRs must be denominated in Indian Rupees and proceeds immediately repatriated. SEBI-registered FIIs and NRIs may purchase, hold or sell IDRs subject to conditions including investment from specified NRI accounts, non-automatic fungibility, one-year minimum before redemption into equity, and compliance with foreign exchange conversion provisions. en-us Wed, 07 Mar 2012 00:00:00 +0530 Tue, 08 Apr 2014 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=25077 Eligible companies resident outside India may issue Indian Depository Receipts (IDRs) through a Domestic Depository to persons resident in India and abroad, subject to compliance with the Companies (Issue of Indian Depository Receipts) Rules, 2004 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009; financial/banking issuers with presence in India require prior sectoral regulator approval; IDRs must be denominated in Indian Rupees and proceeds immediately repatriated. SEBI-registered FIIs and NRIs may purchase, hold or sell IDRs subject to conditions including investment from specified NRI accounts, non-automatic fungibility, one-year minimum before redemption into equity, and compliance with foreign exchange conversion provisions. Notifications FEMA Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/notifications?id=25077