Full details for the issue of ADRs by a company must be furnished within 30 days from the date of its…
Under the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993 and FEMA regulations governing American…
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Full details for the issue of ADRs by a company must be furnished within 30 days from the date of its closure to
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Correct answer B
Under the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depositary Receipt Mechanism) Scheme, 1993 and FEMA regulations governing American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), an issuing Indian company must furnish full details and a return of the issue within 30 days from the date of closure of the issue to the 'Reserve Bank of India (RBI)'.
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UGC NET Commerce