https://www.taxtmi.com/acts?id=37940 Investment in depository receipts by persons resident outside India may occur through eligible securities or units issued or transferred to a foreign depository under the Depository Receipts Scheme, 2014. A domestic custodian may purchase eligible instruments for a non-resident and convert them into depository receipts. Aggregate instruments transferred to foreign depositories and held by non-residents must not exceed applicable foreign-holding limits. The transfer price cannot be below the corresponding domestic issue or transfer price. Depository receipts under the 1993 mechanism must comply with the 2014 Scheme and these requirements. en-us Sat, 19 Oct 2019 16:38:16 +0530 Tue, 01 Sep 2026 14:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37940 Investment in depository receipts by persons resident outside India may occur through eligible securities or units issued or transferred to a foreign depository under the Depository Receipts Scheme, 2014. A domestic custodian may purchase eligible instruments for a non-resident and convert them into depository receipts. Aggregate instruments transferred to foreign depositories and held by non-residents must not exceed applicable foreign-holding limits. The transfer price cannot be below the corresponding domestic issue or transfer price. Depository receipts under the 1993 mechanism must comply with the 2014 Scheme and these requirements. Act-Rules FEMA Sat, 19 Oct 2019 16:38:16 +0530 https://www.taxtmi.com/acts?id=37940