Conditions for issue of depository receipts

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Full Text of the Document

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..... (2) The company shall take prior approval of its shareholders by a special resolution to be passed at a general meeting: Provided that a special resolution passed under section 62 for issue of shares underlying the depository receipts, shall be deemed to be a special resolution for the purpose of section 41 as well. (3) The depository receipts shall be issued by an overseas depository b....