Regulation 97 - Eligibility. - Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009

Eligibility. 97. An issuing company making an issue of IDR shall also satisfy the following: (a) the issuing company is listed in its home country; (b) the issuing company is not prohibited to issue securities by any regulatory body; (c) the issuing company has track record of compliance with securities market regulations in its home country. Explanation: For the purpose of this regulation, the term home country means the country where the issuing company is incorporated and listed.