In-principle approval of recognized stock exchange(s)
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....uer or the issuing company, as the case may be, shall obtain in-principle approval from recognised stock exchange as follows: (a) in case of an initial public offer or an issue of Indian Depository Receipts (hereinafter referred to as 'IDRs') , from all the recognised stock exchange(s) on which the issuer or the issuing company, proposes to get its specified securities or IDRs, as the case may ....
TaxTMI