CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Byju's Answer
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
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
A continuous trading record or history on a stock exchange
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Listed in home country and not been prohibited to issue securities
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
Q. Consider the following statements:
1. Indian Depository Receipt is an instrument denominated in Indian rupees in the form of a depository receipt created by the custodian of securities registered with the Securities and Exchange Board of India against the underlying equity of issuing company.
2. Standard Chartered PLC became the first global company to file for an issue of Indian depository receipts in India.
Which of the statements given above is/are correct?
Q.

A Global Depository Receipt is a bank certificate that is basically issued in more than one country for shares in a foreign company.


Q. The depository receipts issued by a company in the USA are known as____________.
Q. Consider the following statements:
1. The bonus shares shall not be issued in lieu of dividend,
2. A company may issue fully paid up bonus shares to its members out of its 'Capital Redemption Reserve Account'
3. A company may not issue bonus shares out of its 'Securities Premium Account'
Which of the above statement/s is are not correct?
Q. Practicing Company Secretary is authorized to issue _____ certificate with regard to reconciliation of the total issued capital, listed capital and capital held by depositories in dematerailized form, details of changes in share capital during the quarter and in-principle approval obtained by the issuer from all the stock exchanges where it is listed in respect of such further issued capital under SEBI (Depositories and Participants) Regulations, 1996.
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Permutations
MATHEMATICS
Watch in App
explore_more_icon
Explore more
Factorial
Standard XII Mathematics
Join BYJU'S Learning Program
book_image
Solve
book_image
Textbooks
book_image
Question Papers
book_image
Install app
CrossIcon