Question
Which of the following statements correctly describes
the meaning of Indian Depository Receipt (IDR)?Solution
Indian Depository Receipt (IDR) is a financial instrument denominated in Indian Rupees in the form of a depository receipt. The IDR is a specific Indian version of the similar global depository receipts (GDR) It is created by a Domestic Depository (custodian of securities registered with the SEBI) against the underlying equity of issuing company to enable foreign companies to raise funds from the Indian securities Markets. The foreign company IDRs will deposit shares to an Indian depository. The depository would issue receipts to Indian investors against these shares. The benefit of the underlying shares (like bonus, dividends etc.) would accrue to the depository receipt holders in India.
The maximum number of directors in a company, without passing a special resolution, can be ________
What does ETF stand for in Bharat Bond ETF?
A plant has one binding bottleneck: a heat-treating oven (hours limited). Product P and Q both consume oven time; material is the only truly variable co...
Current investments are carried at:
Which of the following is an example of capital expenditure?
The term ā Previous yearā is defined under which section of Income Tax Act?
What type of exposure arises when currency fluctuations affect the value of a firm's foreign oporations, as reflected in its consolidated financial stat...
On 1st Jan, X Ltd. purchased machinery from USA for $50,000 when exchange rate was ā¹75/$ = ā¹37,50,000. At balance sheet date (31st March), rate = ļæ½...
Which of the following is not a taxable income under the head āIncome from Other Sourcesā?
In a database, a 'Primary Key' is a field that:
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