https://www.taxtmi.com/article/detailed?id=6015 The scheme permits issuance of depository receipts abroad backed by permissible securities deposited with a domestic custodian, subject to defined permissible jurisdictions and securities, aggregate foreign holding limits under foreign exchange law, conversion between receipts and underlying securities, and modes of issuance customary in the jurisdiction; it requires pricing parity with domestic issues, compliance with existing approvals for nonresident transfers, imposes monitoring, reporting and filing obligations on domestic custodians and Indian depositories, allocates voting and public shareholding consequences, and treats abusive issuance or market conduct as market abuse. en-us Sat, 17 Jan 2015 09:52:40 +0530 Sat, 17 Jan 2015 09:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6015 The scheme permits issuance of depository receipts abroad backed by permissible securities deposited with a domestic custodian, subject to defined permissible jurisdictions and securities, aggregate foreign holding limits under foreign exchange law, conversion between receipts and underlying securities, and modes of issuance customary in the jurisdiction; it requires pricing parity with domestic issues, compliance with existing approvals for nonresident transfers, imposes monitoring, reporting and filing obligations on domestic custodians and Indian depositories, allocates voting and public shareholding consequences, and treats abusive issuance or market conduct as market abuse. Articles Corporate Laws / IBC / SEBI Sat, 17 Jan 2015 09:52:40 +0530 https://www.taxtmi.com/article/detailed?id=6015