https://www.taxtmi.com/acts?id=18567 Eligible foreign companies may issue Indian Depository Receipts through a Domestic Depository provided issuance complies with Companies Rules 2004 and SEBI ICDR Regulations 2009, financial/banking issuers with Indian presence obtain sectoral regulator approval, IDRs are denominated in rupees and proceeds are immediately repatriated. SEBI-registered FIIs/RFPIs and NRIs may purchase, hold or sell IDRs with NRIs using NRE/FCNR(B) funds; limited two way fungibility is subject to Reserve Bank terms; IDRs are not redeemable into underlying shares before one year and redemption/conversion must follow the prescribed sub regulation. en-us Tue, 08 Apr 2014 13:12:24 +0530 Wed, 25 Jun 2025 11:29:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18567 Eligible foreign companies may issue Indian Depository Receipts through a Domestic Depository provided issuance complies with Companies Rules 2004 and SEBI ICDR Regulations 2009, financial/banking issuers with Indian presence obtain sectoral regulator approval, IDRs are denominated in rupees and proceeds are immediately repatriated. SEBI-registered FIIs/RFPIs and NRIs may purchase, hold or sell IDRs with NRIs using NRE/FCNR(B) funds; limited two way fungibility is subject to Reserve Bank terms; IDRs are not redeemable into underlying shares before one year and redemption/conversion must follow the prescribed sub regulation. Act-Rules FEMA Tue, 08 Apr 2014 13:12:24 +0530 https://www.taxtmi.com/acts?id=18567