Rule 3 - Definitions. - Companies (Issue of Indian Depository Receipts) Rules, 2004

Definitions. 03. (i) (a) "Chief Accounts Officer" means the chief accounts and financial officer of a company, by whatever name known; (b) "Depository" means a depository as defined in clause (e) of sub-section (1) of section 2 of Depositories Act, 1996; (c) "Domestic Depository" means custodian of securities registered with the Securities and Exchange Board of India, hereinafter referred to as SEBI and authorised by the issuing company to issue Indian Depository Receipts; (d) "Indian Depository Receipt" (hereinafter referred to as "IDR") means any instrument in the form of a depository receipt created by Domestic Depository in India against the underlying equity shares of issuing company; (e) "Issuing company" means a company incorporated outside India, making an issue of IDRs through a domestic depository; (f) "Merchant Banker" means a Merchant Banker as defined in clause (e) of Rule 2 of SEBI (Merchant Bankers) Rules, 1992; (g) "Overseas Custodian Bank" means a banking company which is established in a country outside India and has a place of business in India and acts as custodian for the equity shares of issuing company against which IDRs are proposed to be issued after having obtained permission from Ministry of Finance for doing such business in India; (h) "SEBI" means the Securities and Exchange Board of India established under the Securities and Exchange Board of India Act, 1992. (ii) The words and expressions used herein and not defined, but defined in the Companies Act, 1956 (1 of 1956), Income-tax Act, 1961 (43 of 1961), the Securities and Exchange Board of India Act, 1992 (15 of 1992) or the Depositories Act, 1996 (22 of 1996) or the Rules and Regulations framed under these Acts, shall have the meaning respectively assigned to them in the respective Acts.