https://www.taxtmi.com/circulars?id=62789 The circular establishes a framework for issuance of Depository Receipts by listed Indian companies, prescribing eligibility restrictions for issuers and transferring holders, limiting issuance to dematerialized equity or debt that rank pari passu, requiring aggregate foreign holdings (including DRs) to remain within FEMA and SEBI limits while maintaining minimum public shareholding, and confining issuance and listing to notified permissible jurisdictions and specified international exchanges that meet high listing standards. en-us Thu, 10 Oct 2019 00:00:00 +0530 Mon, 14 Oct 2019 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62789 The circular establishes a framework for issuance of Depository Receipts by listed Indian companies, prescribing eligibility restrictions for issuers and transferring holders, limiting issuance to dematerialized equity or debt that rank pari passu, requiring aggregate foreign holdings (including DRs) to remain within FEMA and SEBI limits while maintaining minimum public shareholding, and confining issuance and listing to notified permissible jurisdictions and specified international exchanges that meet high listing standards. Circulars SEBI Thu, 10 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62789