Deposits in Certain Other Cases

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....Depository Receipts (ADRs) or Global Depository Receipts (GDRs), the funds so raised may, pending their utilisation or repatriation to India, be held in deposits in foreign currency accounts with a bank outside India. (2) Deposits accepted by an Indian company by issue of Commercial Paper to a Non-Resident Indian ^1[or a Foreign Institutional Investor registered with the Securities and Exchange....