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Standard XII
Mathematics
Factorial
What is/are t...
Question

What is/are the eligibility criteria of foreign issuing company to issue Indian Depository Receipts (IDRs)?

A
Preissue paidup capital and free reserves of at least US$ 50 million
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B
A continuous trading record or history on a stock exchange
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C
Listed in home country and not been prohibited to issue securities
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D
All of the above
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Solution

The correct option is D All of the above
IDR is a form of Depository receipt. It is created by a domestic depository. It is an instrument denominated in Indian Rupees. The eligibility criteria of foreign issuing company to issue Indian Depository Receipts are:
a) Pre issue paid up capital and free reserves of at least US$ 50 million b) A continuous trading record or history on a stock exchange
c) Listed in home country and not been prohibited to issue securities.

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