https://www.taxtmi.com/acts?id=18479 The Board must authorise issue of depository receipts and the company must obtain prior shareholder approval by special resolution; depository receipts are to be issued by an overseas depository bank with underlying shares held by a domestic custodian bank. The company must comply with the Scheme and Reserve Bank rules before and after issue and must appoint a merchant banker or practising accountant or company secretary to oversee compliances and place the adviser's compliance report before the Board or authorised committee, which must include an independent director where required. en-us Tue, 01 Apr 2014 12:27:24 +0530 Thu, 19 Feb 2026 14:20:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18479 The Board must authorise issue of depository receipts and the company must obtain prior shareholder approval by special resolution; depository receipts are to be issued by an overseas depository bank with underlying shares held by a domestic custodian bank. The company must comply with the Scheme and Reserve Bank rules before and after issue and must appoint a merchant banker or practising accountant or company secretary to oversee compliances and place the adviser's compliance report before the Board or authorised committee, which must include an independent director where required. Act-Rules Companies Law Tue, 01 Apr 2014 12:27:24 +0530 https://www.taxtmi.com/acts?id=18479