Capital Market

SUSPENSION OR WITHDRAWAL OR SURRENDER OF APPROVAL : Where any designated depository participant who has been granted approval- – fails to comply with any conditions subject to which an approval […]

Disclosures Following disclosures shall be made: • Disclosures as required in the home country of the issuer; • An additional wrap (addendum to offer document) attached to the offer document. The […]

Fast Track Issue : • The issuer is in compliance with the provisions of deposit agreement and listing agreement for a period of atleast 3 (Three) years immediately preceding the date […]

Other Relevant Provisions : The Regulations further provide that: • The rights offering must include a right exercisable by the person concerned to renounce the IDRs offered in favour of any […]

COMPLIANCES UNDER SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 : Every issuer of an IDR has to comply with the conditions stipulated in Chapter VII of the SEBI (LODR) Regulations, 2015. […]

UNDERSUBSCRIBED ISSUE In case of undersubscribed issue of IDR, the merchant banker shall furnish information in respect of underwriters who have failed to meet their underwriting devolvement to SEBI.

RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS : In the light of the Standard Chartered Rights Issue where rights could not be granted to IDR holders, SEBI amended the ICDR regulations, 2009 […]

Eligibility : • Issuer should not be in breach of any ongoing material obligations under the IDR Listing Agreement; • Application to all recognised stock exchanges, where such IDRs are […]

FINALISATION OF BASIS OF ALLOTMENT The executive director or managing director of the stock exchange, where the IDR are proposed to be listed, along with the post issue lead merchant bankers […]

FILING OF DRAFT PROSPECTUS, DUE DILIGENCE CERTIFICATES, PAYMENT OF FEES AND ISSUE ADVERTISEMENT FOR IDRs : 1. The issuing company shall appoint one or more merchant bankers, at least one of […]