Global depository receipts
This query is : Open
22 January 2016
Can someone please explain what is Global Depository receipt in simple terms and how it works,i am finding it difficult to understand the procedure of issuing GDR in india u/s 41 of companies act 2013.pls dont use law language as i am an ipcc student(beginner) and want to understand.
27 January 2016
See Dear, The company is now allowed to issue shares & debentures in another country but not directly. Any indian company wish to issue shares to the foreign country then they can issue Depository receipt however, they have to get themselves list in the new york stock exchange. this is GDR. indian companies banker will issue shares in the form of D R. Reliance was the first company that listed in the New York Stock Exchnage
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