https://www.taxtmi.com/acts?id=19082 The aggregate of securities issued or transferred to foreign depositories for depository receipts, together with securities held by non-residents, must not exceed the foreign holding limit under the Foreign Exchange Management Act; depository receipts and underlying permissible securities may be converted into one another only so long as the combined foreign holding remains within that statutory limit. en-us Thu, 15 Jan 2015 12:01:52 +0530 Thu, 15 Jan 2015 12:01:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19082 The aggregate of securities issued or transferred to foreign depositories for depository receipts, together with securities held by non-residents, must not exceed the foreign holding limit under the Foreign Exchange Management Act; depository receipts and underlying permissible securities may be converted into one another only so long as the combined foreign holding remains within that statutory limit. Act-Rules Companies Law Thu, 15 Jan 2015 12:01:52 +0530 https://www.taxtmi.com/acts?id=19082