| Date: |
09-04-2002
|
| Notification No: |
RBI A P D (Series)Circular No 37/2002
|
| Issuing Authority: |
RBI
|
| Type: |
A.P.D.(Series) Circulars
|
| File No: |
|
| Subject: |
Two-way Fungibility of ADRs/ GDRs
|
|
Two-way Fungibility of ADRs/ GDRs
A.P. (DIR Series) Circular No. 37 dated
9th April 2002
Attention of Authorised Dealers is
invited to A.P. (DIR Series) Circular
No. 21 dated February 13, 2002, enclosing the Operative Guidelines for
the limited two-way fungibility under the "Issue of Foreign Currency
Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism)
Scheme, 1993".
2.
The following amendment may be made in the Operative Guidelines with
immediate effect:
" The word
�NSDL� in item `h' on page 2 of the Operative Guidelines shall be replaced
by the words �NSDL/ CDSL�. "
3.
Authorised Dealers may bring the contents of this circular to the notice
of their constituents concerned.
4. The directions contained
in this circular have been issued under Section 10 (4) and Section 11 (1) of the
Foreign Exchange Management Act, 1999 (42 of 1999).
|
|
|