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Indian Depository Receipts by Eligible Companies Residents Outside India [See Regulation 5(8) and 13]
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....have been superseded vide New Regulations New Regulations of 2017 ^1[Schedule 7 [See Regulation 5 (8) and 13] INDIAN DEPOSITORY RECEIPTS BY ELIGIBLE COMPANIES RESIDENT OUTSIDE INDIA 1. Issue of IDRs :- Eligible companies resident outside India may issue Indian Depository Receipts (IDRs) through a Domestic Depository, to persons resident in India and outside India, subject to the fol....
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....of the FIIs ^3[or a Registered Foreign Portfolio Investor registered in accordance with the provisions of Securities and Exchange Board of India(SEBI) (Foreign Portfolio Investors) Regulations, 2014.] or an NRI may purchase, hold or sell IDRs, subject to the following terms and conditions :- (a) NRIs may invest in the IDRs out of funds held in their NRE / FCNR (B) account, maintained with....