Framework for issue of Depository Receipts

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....pository Receipts 1. The framework for issuance of Depository Receipts ('DRs') by a Listed Company was notified by SEBI vide Circular dated October 10, 2019. 2. The said Circular, inter-alia, provided that a Listed company shall be permitted to issue permissible securities or transfer Permissible Securities of existing holders, for the purpose of issue of DRs, only in Permissible Jurisdictions a....

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....dated October 10, 2019, a list of Permissible Jurisdictions and International Exchange(s) is placed at Annexure A. 5. Stock Exchanges and Depositories are advised to: a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above circular; and b) bring the provisions of this circular to the notice of the issuers, domestic custodians and also t....