DEPOSITORIES AND CUSTODIAL DIVISION

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Full Text of the Document

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....to facilitate the two way fungibility of ADRs / GDRs, RBI had notified the amendments to Foreign Exchange Management Act, 1999 in March 2001 and had issued operating guidelines on February 13, 2002. In order to ensure easy tracking of the underlying shares released on the conversion of the "depository receipts", it has been decided that all such shares shall mandatorily be credited to a separat....