Home Acts & Rules Direct Taxes Schemes Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993 This
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Para 6 - Listing of the Global Depositary Receipts - Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993Extract Listing of the Global Depositary Receipts. 6. The Global Depositary Receipts issued under this Scheme may be listed on any of the Overseas Stock Exchanges, or over the coun ter exchanges or through Book Entry Transfer Systems prevalent abroad and such receipts may be purchased, possessed and freely transferable by a person who is a non-resident within the meaning of section 2(q) of the Foreign Exchange Regulation Act, 1973 (46 of 1973), subject to the provisions of that Act.
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