https://www.taxtmi.com/acts?id=18480 Rule 5 permits depository receipts to be issued by public offering, private placement or other methods recognised in the concerned jurisdiction and to be listed or traded on the corresponding platform. Receipts may be issued against new shares or sponsored against shareholder-held shares under conditions prescribed by the Central Government or the Reserve Bank of India. Underlying shares must be allotted in the name of the overseas depository bank, which issues the depository receipts against those shares. The Rule's language was amended to replace references to "abroad" with "concerned jurisdiction." en-us Tue, 01 Apr 2014 12:28:02 +0530 Thu, 19 Feb 2026 14:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18480 Rule 5 permits depository receipts to be issued by public offering, private placement or other methods recognised in the concerned jurisdiction and to be listed or traded on the corresponding platform. Receipts may be issued against new shares or sponsored against shareholder-held shares under conditions prescribed by the Central Government or the Reserve Bank of India. Underlying shares must be allotted in the name of the overseas depository bank, which issues the depository receipts against those shares. The Rule's language was amended to replace references to "abroad" with "concerned jurisdiction." Act-Rules Companies Law Tue, 01 Apr 2014 12:28:02 +0530 https://www.taxtmi.com/acts?id=18480