abhishreshthaa
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Companies issuing ADR/GDRs are required to furnish full particulars regarding:
Amount of ADR/GDR issued
Number of underlying fresh equity shares issued
Companies issuing ADR/GDRs are required to furnish full particulars regarding:
Percentage of foreign equity level in the Indian company on account of issue of ADRs/GDRs, (stating whether under automatic route or with FIPB approval)
The issuing company should report the detailed issue parameters to the Ministry of Finance, Department of Economic Affairs and the Exchange Control Department of the Reserve Bank of India, Central Office, Mumbai within 30 days of completion of such transactions.
Amount of ADR/GDR issued
Number of underlying fresh equity shares issued
Companies issuing ADR/GDRs are required to furnish full particulars regarding:
Percentage of foreign equity level in the Indian company on account of issue of ADRs/GDRs, (stating whether under automatic route or with FIPB approval)
The issuing company should report the detailed issue parameters to the Ministry of Finance, Department of Economic Affairs and the Exchange Control Department of the Reserve Bank of India, Central Office, Mumbai within 30 days of completion of such transactions.