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Which intermediaries are involved in issuance of IDRs

Which intermediaries are involved in issuance of IDRs

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a) Overseas Custodian Bank is a banking company which is established in a country outside India and has a place of business in India.

and acts as custodian for the equity shares of issuing company against,

which IDRs are proposed to be issued in the underlying equity shares of the issuer is deposited.

b) Domestic Depository who is a custodian of securities registered with the,

as SEBI and authorised by the issuing company to issue Indian Depository Receipts;

c) Merchant Banker registered with SEBI who is responsible for due diligence,

and through whom the draft prospectus for issuance of he IDR is filed with SEBI by the issuer company.

 

 

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