Issue/transfer of eligible securities to a foreign depository for the purpose of issuance of depository receipts by eligible person(s)

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..... These rules have been superseded vide New Regulations New Regulations of 2017 1 [SCHEDULE 10 [See Regulation (13A)] Issue/transfer of eligible securities to a foreign depository for the purpose of issuance of depository receipts by eligible person(s) I. Issue/Transfer of eligible securities (a) Securities in which a person resident outside India is allowed to invest under Schedules 1, 2, 2A, 3, .....

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..... es under the extant Foreign Exchange Management regulations, as amended from time to time. (e) The eligible securities shall be issued/transferred to a foreign depository for the purpose of issue of depository receipts in accordance with the DR Scheme, 2014 and guidelines issued by Central Government thereunder from time to time. II. Pricing of eligible Securities The eligible securities shall not .....

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