Prepare a checklist of documents required for granting approval under SEBI (LODR) Regulations, 2015, for companies proposing to issue GDRs/ADRs/FCCBs.
CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2024
Prepare a checklist of documents required for granting approval under SEBI (LODR) Regulations, 2015, for companies proposing to issue GDRs/ADRs/FCCBs.
Answer & Explanation:
Documents required for granting approval under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, for companies proposing to come out with issue of GDRs/ADRs/FCCB are as under: Certified true copy of the resolution passed by the board approving the issue; Copy of meeting notice sent to shareholders; Certified true copy of the resolution passed by the shareholders' meeting approving the issue; Draft offer circular for the issue; Confirmation by the MD and/or company secretary; Processing fee.
Topics: Global Depository Receipts (GDRs) / American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs)
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