Regulation 13 - Issue of Indian Depository Receipts. - Foreign Exchange Management (Transfer or Issue Of Security By A Person Resident Outside India) Regulations, 2000

These rules have been superseded vide New Regulations New Regulations of 2017 2 [ 13. Issue of Depository Receipts. 13A. An eligible person may issue or transfer eligible securities to a foreign depository for the purpose of issuance of depository receipts in terms of Depository Receipts Scheme, 2014, subject to the terms and conditions specified in Schedule 10. 13B. An eligible company resident outside India may issue IDRs through a Domestic Depository, to persons resident in India and outside India, subject to the terms and conditions specified in Para 1 of Schedule 7. ] ---------------------------- Notes:- 1. Inserted vide Notification No. FEMA 224/2012-RB, DATED 7-3-2012 2. Substituted vide Not. 330/RB-2014 - Dated 15-12-2014 w.e.f. December 15, 2014, before it was read as, 13. Issue of Indian Depository Receipts. An eligible company resident outside India may issue IDRs through a Domestic Depository, to persons resident in India and outside India, subject to the terms and conditions specified in Para 1 of Schedule 7.