Two-way fungibility of ADRs/GDRs.

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Full Text of the Document

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....perative Guidelines on the two-way fungibility under the issue of "Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme 1993" issued by Reserve Bank of India ("RBI") vide its circular no. 21 (DIR Series) dated February 13, 2002. In this regard RBI has clarified the following: 1. Certificate regarding non-breaching of sectoral ca....