Say True or False : The proceeds of issue of ADRs/GDRs under a scheme of sponsored ADRs/GDRs need to be repatriated to India within a period of one year.
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · June 2017
Say True or False : The proceeds of issue of ADRs/GDRs under a scheme of sponsored ADRs/GDRs need to be repatriated to India within a period of one year.
Answer & Explanation:
False , the proceeds of the issue of ADRs/GDRs under Scheme of Sponsored ADRs/GDRs shall be repatriated to India within a period of one month.
Topics: FEMA
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