Global depository receipt

A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as may be prescribed.

Company means a company incorporated under this Act or under any previous company law

Notes, amendments & references (3)

Refer Companies (Issue of Global Depository Receipts) Rules, 2014. To view the rule, Click Here

Refer SEBI’s Framework for issue of Depository Receipts dated 10.10.2019. To view the Framework . Click Here .

Refer SEBI’s Framework for issue of Depository Receipts dated 28.11.2019. To view the Framework . Click Here .