https://www.taxtmi.com/acts?id=37941 Indian Depository Receipts may be issued by companies incorporated outside India through a Domestic Depository, subject to foreign-company registration and capital-issue disclosure requirements. IDRs must be denominated in Indian rupees and their issue proceeds immediately repatriated outside India. Foreign Portfolio Investors, Non-Resident Indians and Overseas Citizens of India may purchase, hold and sell IDRs, subject to payment, remittance and limited two-way fungibility conditions. Redemption into underlying equity shares is barred for one year and must comply with the foreign-security transfer or issue framework. en-us Sat, 19 Oct 2019 16:38:48 +0530 Tue, 01 Sep 2026 14:12:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37941 Indian Depository Receipts may be issued by companies incorporated outside India through a Domestic Depository, subject to foreign-company registration and capital-issue disclosure requirements. IDRs must be denominated in Indian rupees and their issue proceeds immediately repatriated outside India. Foreign Portfolio Investors, Non-Resident Indians and Overseas Citizens of India may purchase, hold and sell IDRs, subject to payment, remittance and limited two-way fungibility conditions. Redemption into underlying equity shares is barred for one year and must comply with the foreign-security transfer or issue framework. Act-Rules FEMA Sat, 19 Oct 2019 16:38:48 +0530 https://www.taxtmi.com/acts?id=37941