Issue of Indian Depository Receipts (IDRs) [See Regulation 5(10)]

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....persons resident in India and outside India, subject to the following conditions (1) the issue of IDRs is in compliance with the Companies (Registration of Foreign Companies) Rules, 2014 and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; (2) any issue of IDRs by financial/ banking companies having presence in India, either through a....