Investment in Depository receipts by a person resident outside India

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..... e instruments to a foreign depository for the purpose of issuance of depository receipts by eligible person(s) (1) Any security or unit in which a person resident outside India is allowed to invest under these regulations shall be eligible instruments for issue of Depository Receipts in terms of Depository Receipts Scheme, 2014 (DR Scheme, 2014). (2) A person will be eligible to issue or tra .....

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..... ed to a foreign depository for the purpose of issuing depository receipts at a price less than the price applicable to a corresponding mode of issue or transfer of such instruments to domestic investors under the applicable laws. 2. Saving Depository Receipts issued under the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 .....

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