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    <title>Framework for monitoring of foreign holding in Depository Receipts</title>
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    <description>Framework requires a listed company to appoint one Indian depository as the Designated Depository to compute, consolidate and disseminate ISIN-wise DR information. Domestic Custodians must provide initial and ongoing DR details, maintain underlying permissible securities in a prescribed demat sub type, and report approvals and utilisation for re issuance. Designated and Feed Depositories shall exchange daily investor wise holdings, consolidate outstanding permissible securities, calculate conversion headroom (original DRs less outstanding securities and unutilised re issuance approvals) and publish headroom on their websites.</description>
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    <pubDate>Thu, 01 Oct 2020 00:00:00 +0530</pubDate>
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      <title>Framework for monitoring of foreign holding in Depository Receipts</title>
      <link>https://www.taxtmi.com/circulars?id=64381</link>
      <description>Framework requires a listed company to appoint one Indian depository as the Designated Depository to compute, consolidate and disseminate ISIN-wise DR information. Domestic Custodians must provide initial and ongoing DR details, maintain underlying permissible securities in a prescribed demat sub type, and report approvals and utilisation for re issuance. Designated and Feed Depositories shall exchange daily investor wise holdings, consolidate outstanding permissible securities, calculate conversion headroom (original DRs less outstanding securities and unutilised re issuance approvals) and publish headroom on their websites.</description>
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      <pubDate>Thu, 01 Oct 2020 00:00:00 +0530</pubDate>
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