Remember
Register
1
new
Tech
new
Puzzles
new
GK
new
Chill
new
Sports
Home
Questions
MCQs
Unanswered
Tags
Users
Ask a Question
Write an Article
Articles
Connect to us
What is the step wise procedure for issue of adr/gdr?
+1
vote
222
views
What is the step wise procedure for issue of adr/gdr?
capital market
posted
Jun 14, 2017
by
Sherlyn Mishra
Share this question
Your comment on this post:
Email me at this address if a comment is added after mine:
Email me if a comment is added after mine
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please
log in
or
register
.
1 Answer
0
votes
Convene a Board Meeting to approve the proposed Issue for not exceeding certain value in foreign currency.
Convene the Extra ordinary General Meeting for the approval of the shareholders for the proposed GDR
Issue under Sec 81(1A) of the Companies Act, 1956.
Identify the Agencies.
Convene a Board Meeting to approve the Agencies.
Appoint the Agencies and sign the Engagement Letters.
The Indian Legal Counsel to undertake the Due Diligence.
Prepare the first draft of the Information Memorandum (IM) in consultation with the Indian Legal Counsel and submit the same to various Agencies for their comments thereon.
Prepare the 2nd/3rd draft of IM incorporating the comments.
The Listing Agent to submit the IM with the overseas Stock Exchange for their comments and In principle Listing Approval.
answer
Jun 14, 2017
by
Durga Prasad
Your comment on this answer:
Email me at this address if a comment is added after mine:
Email me if a comment is added after mine
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please
log in
or
register
.
Your answer
Preview
Email me at this address if my answer is selected or commented on:
Email me if my answer is selected or commented on
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please
log in
or
register
.
Similar Questions
+1
vote
What is the procedure for further issue of share capital of pvt ltd company?
+1
vote
What is the meaning of capital-gains, capital-loss and fnlwgt in adult data set from UCI?
+1
vote
What is the features of depository system in India?
+1
vote
What are the functions of Merchant Bankers?
+1
vote
What is the difference between Cash and the Derivative Market ?
...