Companies (Issue of Global Depository Receipts) Rules, 2014.

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....ation in the Official Gazette. 2. Definitions. (1) In these Rules, unless the context otherwise requires, - (a) "Act" means the Companies Act, 2013 (18 of 2013); (b) "Section" means section of the Act; (c) "Scheme" means the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 or any modification or re-enactment thereof; (2) Words and expressions occurring in these rules shall bear the same meaning as in the Act and the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 or any modification or re-enactment thereof. 3. Eligibility to issue depository receipts. - A company may issue depository receipts provided it is eligible....

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....he company or of the committee of the Board of directors authorised by the Board in this regard to be held immediately after closure of all formalities of the issue of depository receipts: Provided that the committee of the Board of directors referred to above shall have at least one independent director in case the company is required to have independent directors. 5. Manner and form of depository receipts. - (1) The depository receipts can be issued by way of public offering or private placement or in any other manner prevalent abroad and may be listed or traded in an overseas listing or trading platform. (2) The depository receipts may be issued against issue of new shares or may be sponsored against shares held by shareholders of the....