https://www.taxtmi.com/acts?id=30919 Schedule 10 permits non Indian companies to issue Indian Depository Receipts (IDRs) through a Domestic Depository subject to company and securities law compliance, sectoral regulator approval where applicable, rupee denomination, and immediate repatriation of proceeds. FPIs, NRIs and OCIs may transact in IDRs with NRIs/OCIs using designated external accounts; limited two way fungibility is allowed under Reserve Bank terms. IDRs cannot be redeemed into underlying equity before one year and any redemption or conversion must comply with foreign exchange transfer or issue regulations. en-us Mon, 13 Nov 2017 18:33:36 +0530 Fri, 27 Jun 2025 13:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30919 Schedule 10 permits non Indian companies to issue Indian Depository Receipts (IDRs) through a Domestic Depository subject to company and securities law compliance, sectoral regulator approval where applicable, rupee denomination, and immediate repatriation of proceeds. FPIs, NRIs and OCIs may transact in IDRs with NRIs/OCIs using designated external accounts; limited two way fungibility is allowed under Reserve Bank terms. IDRs cannot be redeemed into underlying equity before one year and any redemption or conversion must comply with foreign exchange transfer or issue regulations. Act-Rules FEMA Mon, 13 Nov 2017 18:33:36 +0530 https://www.taxtmi.com/acts?id=30919