Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005 - Amendments in paragraph 5 and insertion of paragraph 3(1)(Ba)

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....he Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, namely:- 1. This Scheme may be called the issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) (Second Amendment) Scheme, 2005. 2. The Scheme shall be deemed to have come into force from the date of publication of Notification. 3.....

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....rcular in the overseas exchange(s); or         (b) That approval of overseas exchange(s) has been obtained; or          (c) That the payment of listing fees is made; or        (d) Approval of the Reserve Bank of India under Foreign Exchange Management Act, 1999, where applicable, for m....

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....       (a)   That the company has completed due diligence and filed offering circular in the overseas exchange(s); or         (b)   That approval of overseas exchange(s) has been obtained; or         (c)   That the payment of listing fees is made; or  &nbs....

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....companies complete their issues latest by 31st December, 2005. Explanation - "Effective steps", for the above purpose, will mean the following :           (a)   That the company has completed due diligence and filed offering circular in the overseas exchange(s); or         (b)   That approv....