Procedure for making an issue of IDRs.

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....from the SEBI.           (b) An application seeking permission under clause (a) shall be made to the SEBI at least 90 days prior to the opening date of the issue, in such form furnishing such information as may be notified from time to time with a non-refundable fee of US $ 10,000: Provided that, on permission being granted, an applicant shall pay....

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.... The issuing company shall appoint an overseas custodian bank, a domestic depository and a merchant banker for the purpose of issue of IDRs.      (f) The issuing company shall deliver the underlying equity shares or cause them to be delivered to an Overseas Custodian Bank and the said bank shall authorize the domestic depository to issue IDRs.      (g)....

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....e (a): Provided that if within 21 days from the date of submission of draft prospectus or letter of offer, SEBI specifies any changes to be made therein, the prospectus shall not be filed with the SEBI/ Registrar of Companies unless such changes have been incorporated therein.           (iii) The issuing company, seeking permission under sub-rule ....