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How will the issue of IDR happen and Are there tax issues

How will the issue of IDR happen and Are there tax issues

How will the issue of IDR happen and Are there tax issues
How will the issue of IDR happen and Are there tax issues

 

The process is similar to an initial public offering where a draft prospectus is filed.

with the Securities and Exchange Board of India.

Shares underlying IDRs are not subject to securities transaction tax.

However, other disadvantages in terms of dividends, and capital gains will continue till DTC is implemented.

will be deposited with an overseas custodian who, will hold shares on behalf of a domestic depository.

IDRs will be issued through a public offer in India in, the demat form and will be listed on Indian exchanges.

Trading and settlement will be similar to those of Indian shares.

IDRs are not subject to securities transaction tax.

However, other disadvantages in terms of dividends and capital gains will continue till DTC is implemented.

 

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