Companies Act Section 390: Offer of India Depository Receipts.

THE COMPANIES ACT, 2013

ACT NO. 18 OF 2013

COMPANIES ACT 2013 SECTION 390 CHAPTER XXII

COMPANIES INCORPORATED OUTSIDE INDIA

 

Offer of Indian Depository Receipts.— Notwithstanding anything contained in any other law for the time being in force, the Central Government may make rules applicable for—

(a) the offer of Indian Depository Receipts;

(b) the requirement of disclosures in prospectus or letter of offer issued in connection with Indian Depository Receipts;

(c) the manner in which the Indian Depository Receipts shall be dealt with in a depository mode and by custodian and underwriters; and

(d) the manner of sale, transfer or transmission of Indian Depository Receipts,

by a company incorporated or to be incorporated outside India, whether the company has or has not established, or will or will not establish, any place of business in India.

Tags: companies act 2013 section 390 CHAPTER XXII, companies act 2013, companies act chapter xxii, company act section 390, offer of india depository receipts.



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