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Section 390: Offer of India Depository Receipts

The Companies Act, 2013Central Act · Act 18 of 2013

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.

Where this provision sits

ActThe Companies Act, 2013
Section390
Marginal noteOffer of India Depository Receipts
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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