https://www.taxtmi.com/notifications?id=117261 The Scheme permits Indian issuers, other issuers of permissible securities, and holders to issue or transfer permissible securities to a foreign depository in a permissible jurisdiction for issuance of depository receipts. It requires compliance with foreign holding limits under the Foreign Exchange Management Act, pricing norms aligned with corresponding domestic issuance (including ICDR norms), and subject-to-limit conversion between receipts and underlying securities. Domestic custodians and Indian depositories must maintain records, report transactions, and provide information to regulators; approvals applicable to transfers to non-residents apply to transfers to foreign depositories. en-us Tue, 21 Oct 2014 00:00:00 +0530 Thu, 15 Jan 2015 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117261 The Scheme permits Indian issuers, other issuers of permissible securities, and holders to issue or transfer permissible securities to a foreign depository in a permissible jurisdiction for issuance of depository receipts. It requires compliance with foreign holding limits under the Foreign Exchange Management Act, pricing norms aligned with corresponding domestic issuance (including ICDR norms), and subject-to-limit conversion between receipts and underlying securities. Domestic custodians and Indian depositories must maintain records, report transactions, and provide information to regulators; approvals applicable to transfers to non-residents apply to transfers to foreign depositories. Notifications Indian Laws Tue, 21 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117261