{"id":6668,"date":"2020-04-13T16:25:37","date_gmt":"2020-04-13T10:55:37","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=6668"},"modified":"2022-09-09T14:21:39","modified_gmt":"2022-09-09T08:51:39","slug":"a-complete-checklist-of-indian-depository-receipts","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/","title":{"rendered":"Indian Depository Receipts: A Complete Checklist"},"content":{"rendered":"\n<p class=\"has-drop-cap\">The introduction of Indian Depository Receipts (IDRs) in the Indian market is a hope for people to make money for the long term. These Depository Receipts are like equity shares but with subtle differences. The Indian Government initiated the IDR to globalize the Indian capital market and to allow entry of local investors in foreign companies. The foreign companies can now access the Indian Securities market and raise funds through Issue of IDR. In this article, we will discuss the procedure followed for the issue of <em>Indian Depository Receipts<\/em> (IDRs).<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_are_Indian_Depository_Receipts_IDRs\" >What are Indian Depository Receipts (IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_laws_are_related_to_Indian_Depository_Receipts_IDRs\" >What laws are related to Indian Depository Receipts\n(IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#Who_are_eligible_to_Issue_Indian_Depository_Receipts_IDRs\" >Who are eligible to Issue Indian Depository Receipts\n(IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#Which_intermediaries_are_involved_in_the_Issue_of_Indian_Depository_Receipts\" >Which intermediaries are involved in the Issue of\nIndian Depository Receipts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_are_the_requirements_for_Issue_of_Indian_Depository_Receipts\" >What are the requirements for Issue of Indian\nDepository Receipts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_is_the_procedure_for_Issue_of_Indian_Depository_Receipts_IDRs\" >What is the procedure for Issue of Indian Depository\nReceipts (IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_are_the_documents_required_for_Issuance_of_Indian_Depository_Receipts_IDRs\" >What are the documents required for Issuance of Indian\nDepository Receipts (IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#What_are_the_merits_of_Indian_Depository_Receipts_IDRs\" >What are the merits of Indian Depository Receipts (IDRs)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-checklist-of-indian-depository-receipts\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_Indian_Depository_Receipts_IDRs\"><\/span>What are Indian Depository Receipts (IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em>The depository receipts with denominations in Indian Rupee, and which are issued by the Domestic Depository in India are known as Indian Depository Receipts (IDRs).<\/em> IDRs are like an ownership pie of Company, much like the equity shares. The foreign companies are not allowed to be listed on Indian Equity markets. So, to create a way to invest in foreign companies, IDRs were introduced. The IDRs are listed on the Indian Stock Exchanges, and now anybody can invest Indian Rupees in the international companies which are now available at the doorstep of each investor.<\/p>\n\n\n\n<p>In\nIDRs the shares will be issued by foreign companies to Indian Depository.\nHence, foreign companies are able to mobilize funds from India by selling\nshares<strong><em>. IDRs are opposite to GDR (Global Depository Receipts) or ADR\n(American Depository Receipt).<\/em><\/strong> &nbsp;<\/p>\n\n\n\n<p>The\nIDRs holders are entitled to the same rights as that of equity shareholders of\nthe Company. The IDRs holders have rights such as voting rights, bonus and\nright issues, dividends, and all other rights which an equity shareholder\npossesses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_laws_are_related_to_Indian_Depository_Receipts_IDRs\"><\/span>What laws are related to Indian Depository Receipts\n(IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The primary laws related to Indian Depository Receipts (IDRs) are as follows:<\/em><\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"576\" height=\"337\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-42.png\" alt=\"primary laws related to Indian Depository Receipts\" class=\"wp-image-6669\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-42.png 576w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-42-300x176.png 300w\" sizes=\"(max-width: 576px) 100vw, 576px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong><em>Section 390 <\/em><\/strong>of <strong>Companies Act, 2013<\/strong><sup><a href=\"https:\/\/www.mca.gov.in\/content\/mca\/global\/en\/acts-rules\/companies-act\/companies-act-2013.html\"><strong>[1]<\/strong><\/a><\/sup><strong>;<\/strong><\/li><li>The SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018;<\/li><li>Guidelines of Reserve Bank of India (RBI);<\/li><li>Guidelines of FDI;<\/li><li>The Companies (Issue of Indian Depository Receipt) Rules, 2004.<\/li><li>Companies (Registration of Foreign Companies) Rules, 2014.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_are_eligible_to_Issue_Indian_Depository_Receipts_IDRs\"><\/span>Who are eligible to Issue Indian Depository Receipts\n(IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Rule\n13 of Companies (Registration of Foreign Companies) Rules, 2014, provides for\nthe guidelines the issuing Company should follow for the issue of IDRs. The\nguidelines the Issuing Company should follow are as follows: <\/em><\/strong><\/p>\n\n\n\n<ul><li>The <strong><em>track\nrecord<\/em><\/strong> of Issuing Company of the distributable profits for 3 years at\nleast out of immediately preceding 5 years.&nbsp;\n<\/li><li>The <strong><em>eligibility\ncriteria laid down by the SEBI <\/em><\/strong>from time to time should be fulfilled by\nthe Issuing Company. <\/li><li>The Issuing\nCompany should be <strong><em>continuously trading on the stock exchange in its home\nor parent country (in which country the incorporation of Company took place)<\/em><\/strong>\nat least for last 3 years preceding the issuance of IDRs.<\/li><li>The <strong><em>paid-up\ncapital and free reserves<\/em><\/strong> for the Issuing Company before the issue of\nIDRs should be <strong><em>US$ 50 million<\/em><\/strong>. <\/li><li>The <strong><em>minimum\naverage market capitalization<\/em><\/strong> of the Issuing Company before the issue\nof IDRs should be <strong><em>US$ 100 million<\/em><\/strong> in its parent country for 3\nfinancial years preceding the issue of IDRs.&nbsp;&nbsp;&nbsp;\n<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_intermediaries_are_involved_in_the_Issue_of_Indian_Depository_Receipts\"><\/span>Which intermediaries are involved in the Issue of\nIndian Depository Receipts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The issue of IDRs involves foreign collaboration. The process of Issue of IDRs includes a large-scale load of intermediaries and different market players in the market. The intermediaries are essential for completing the process of issue of IDRs and are recognized by participating countries in the process of issuance. The intermediaries involved in the issue of Indian Depository Receipts are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"605\" height=\"435\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-43.png\" alt=\"intermediaries involved in the issue of Indian Depository Receipts \" class=\"wp-image-6671\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-43.png 605w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/04\/image-43-300x216.png 300w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Issuer Company<\/h3>\n\n\n\n<ul><li><strong><em>The foreign\nCompany which is intending to raise money by issuing IDRs is Issuer Company.<\/em><\/strong><\/li><li>Companies like\nGoogle, Starbuck, Facebook, etc., are the main hub to raise money in the Indian\nmarket.<\/li><li>Companies like\nGoogle, Facebook, Starbuck, etc., are playing the role of Issuer Company for\nraising capital in the market.&nbsp; <\/li><li>The Foreign\nCompany acting as an Issuer Company should be listed in their countries\nincorporation or where the registered office is located.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Overseas Custodian Bank<\/h3>\n\n\n\n<ul><li>It is a type of banking company which is established at a place outside India and has a place of business in India.<\/li><li>The banking company acts a custodian of issuing company equity shares, against which Indian Depository Receipts (IDRs) are proposed to be issued. The banking company act as a custodian by establishing a place of business in India or by entering into a custodial agreement or arrangement with Domestic Depository.<\/li><li>These banking companies act as a safety valve for the foreign investors of countries.<\/li><li>This banking company holds equity shares on behalf of the Domestic Depository.&nbsp; <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Domestic Depository<\/h3>\n\n\n\n<ul><li>The Issuer\nCompany appoints Domestic Depository.<\/li><li><strong><em>The\nDomestic Depository is the custodian of securities which are registered under\nthe SEBI (Securities and Exchange Board of India).<\/em><\/strong><\/li><li>The Issuer\nCompany authorizes the Domestic Depository to issue IDRs.<\/li><li>The Domestic\nDepository acts as trustee of the IDR holders.<\/li><li>The legal rights\nand obligations of Domestic Depository are specified in depository agreement\nsigned between Domestic Depository and Issuer Company.<\/li><li>The depository\nagreement is the one of the primary documents while issuing the IDRs.&nbsp; <\/li><li>The Domestic\nDepository bears all the obligations and rights related to the IDRs holder.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Merchant Banker<\/h3>\n\n\n\n<ul><li><strong><em>The Merchant\nBanker is a person engaged in the business of issue management. <\/em><\/strong><\/li><li>The Merchant\nBanker can do issue management by making arrangement regarding buying, selling\nor subscribing to the securities or by acting as a manager, advisor,\nconsultant, or providing corporate advisory service.<\/li><li>The Merchant\nBanker is responsible for the Due Diligence in Company.<\/li><li>The Issuer\nCompany filed the draft prospectus for Issuance of IDRs through the Merchant\nBanker.&nbsp; &nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_requirements_for_Issue_of_Indian_Depository_Receipts\"><\/span>What are the requirements for Issue of Indian\nDepository Receipts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The\nrequirements for Issue of IDRs are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The applicant of IDRs should follow the procedure as prescribed in the prospectus for applying for issue of IDRs;<\/li><li>The minimum amount of application for IDRs should be 20,000 Rupees;<\/li><li>The size which is issued should not exceed 50 crore Rupees;<\/li><li>The institutional buyers should be allotted based on proportion a minimum of 50% of issue IDRs;<\/li><li>At the time of issuance of IDRs, the denomination of IDRs should be one for all the Issuing Company;<\/li><li>The Indian Companies investment in IDRs should not exceed the prescribed limit of investment under any applicable laws;<\/li><li>As per FEMA, the IDRs can only be purchased by any person who is a resident of India.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_for_Issue_of_Indian_Depository_Receipts_IDRs\"><\/span>What is the procedure for Issue of Indian Depository\nReceipts (IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The\nprocedure followed for the Issuance of IDRs is as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The Issuer Company will obtain all the approvals or exemptions under the relevant laws relating to the issuance of IDRs from the concerned authorities from the country of incorporation of Issuer Company.<\/li><li>An application should be filed with the SEBI for obtaining approval for the Issue of IDRs. <strong><em>The application for approval should be made at least 90 days prior from the date of opening of Issue of IDRs.<\/em><\/strong> The application should be submitted along with a <a href=\"https:\/\/corpbiz.io\/due-diligence\"><strong>due diligence<\/strong><\/a> report through the Merchant Banker. The application along with the due diligence report should be filed in the form prescribed by the SEBI.<\/li><li><strong><em>The SEBI within 30 days of the filing of the application can ask the Issuer Company to furnish additional information as needed. <\/em><\/strong>After the additional information and explanations are received, the application should be disposed of by SEBI within 30 days.<\/li><li>The Issuer Company have to make changes in the prospectus as directed by SEBI. <strong><em>The changes in the prospectus should be made within 60 days from the date of submission of application or prospectus. <\/em><\/strong>The prospectus cannot be submitted to SEBI if the changes are not made in the prospectus as directed by SEBI. &nbsp;<\/li><li>After being satisfied, <strong><em>the SEBI will grant approval to the application.<\/em><\/strong> After the approval, the Issuer Company has to submit the issue fee as prescribed from time to time by SEBI.<\/li><li><strong><em>The Issuer Company should file the prospectus to SEBI and the Registrar of Companies (RoC).<\/em><\/strong> The prospectus should be certified by at least two authorized signatories of Issuer Company. <strong><em>The two authorized signatories can be the whole-time Director and the Chief Financial officer of Issuer Company<\/em><\/strong>. The signatories should state the particulars of the Board Resolution passed approving the Issue of IDRs. <\/li><li>While filing the prospectus to the Registrar of Companies<strong><em>, the Issuer Company should also attach a copy of approval granted by SEBI and the statement of fees paid to SEBI by the Issuer Company.<\/em><\/strong> <\/li><li>The Issuer Company should appoint a <strong><em>Merchant Banker, a Domestic Depository and an Overseas Custodian Bank for Issuing IDRs.<\/em><\/strong><\/li><li>To underwrite the issue of IDRs, <strong><em>the Issuer Company should appoint underwriters who are registered with the Securities and Exchange Board of India (SEBI)<\/em><\/strong>.<\/li><li>The underlying equity shares should be delivered to the Overseas Custodian Bank.<\/li><li>The Overseas custodian Bank should authorize the Domestic Depository for the issuance of IDRs.<\/li><li>The Issuer Company should obtain in-principle listing permission from one or more stock exchanges in India.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_documents_required_for_Issuance_of_Indian_Depository_Receipts_IDRs\"><\/span>What are the documents required for Issuance of Indian\nDepository Receipts (IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The\ndocuments required for Issuance of Indian Depository Receipts are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The agreement entered between the issuing Company and the Merchant Banker.<\/li><li>The Merchant Banker should submit a due diligence certificate to the Securities and Exchange Board of India (SEBI).<\/li><li>Merchant Banker should issue the certificate stating the authenticity of the prospectus.<\/li><li>The certificate of due diligence with the prospectus is to be submitted to the Registrar of Companies (RoC) by the Merchant Banker.<\/li><li>The Merchant Banker should forward the draft prospectus of the issuing Company to Securities and Exchange Board of India (SEBI).<\/li><li>The instrument defining or constituting the constitution of the Issuer Company<\/li><li>The address of principal office of Issuer Company, if the Issuer Company has established a place of business in India.<\/li><li>In case no principal place of business in India, the address of any place where the enactments, instruments or copies related to Issue Company are available for public inspection.&nbsp; <\/li><li>A true certified copy of incorporation certificate of the Issuer Company.<\/li><li>A copy of the agreement between Issuer Company and Overseas Custodian Bank specifying the rights of IDR holders.<\/li><li>A copy of the agreement between Issuer Company and Domestic Depository specifying the rights of IDR holders.<\/li><li>The copy of translations of documents in English which were not in English originally. The copy of translations should be certified to be correct by key managerial personnel of Issuer Company. The copy of translations should be attested by authorized officer of Embassy of Issuer company country in India. <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_merits_of_Indian_Depository_Receipts_IDRs\"><\/span>What are the merits of Indian Depository Receipts (IDRs)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The\nmerits of Indian Depository Receipts (IDRs) are as follows:<\/em><\/strong><\/p>\n\n\n\n<ul><li>Reduction in the\npossibility of the hostile takeover<\/li><li>Funds provided\nare low in cost and terms<\/li><li>More access to\nthe liquid market<\/li><li>Expansion of the\ninvestor base of issuing Company<\/li><li>Improved brand\nimage increases the availability of more marketing advantages<\/li><li>Protection of\ninvestor against any decline in its local economy<\/li><li>Provides means\nfor wealth protection<\/li><li>Provides means\nfor diversification in investment<\/li><li>The exploitation\nof international demand for shares.<\/li><li>Elimination of\nrisks associated with foreign exchange&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The introduction of IDRs in the global arena is the very first step towards the beginning of a new era of capital market in India. The foreign companies visualize the Indian markets as an unexplored region with a hidden treasure inside. Quite naturally, the foreign companies are attracted to the Indian market. The IDRs are the primary source which gives them the means to access the vast Indian capital market pool easily and creates a large number of opportunities for future fundraising. The IDRs are issued to increase the overall productivity of the capital market of India. The process of Issue of IDRs is time-consuming and lengthy. We at <a href=\"https:\/\/corpbiz.io\/\"><strong><em>Corpbiz<\/em><\/strong><\/a> have experienced professionals who can help you with the process. Our professional will assist you in the process of Issue of IDRs. The professional will ensure the timely and successful completion of your work.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/global-depository-receipt\/\">What is GDR (Global Depository Receipt): An Overview<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The introduction of Indian Depository Receipts (IDRs) in the Indian market is a hope for people to make money for the long term. These Depository Receipts are like equity shares but with subtle differences. The Indian Government initiated the IDR to globalize the Indian capital market and to allow entry of local investors in foreign [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":6674,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[128],"tags":[482],"acf":{"service_id":"290"},"authorName":"Sakshi Sharda","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/02\/sakshi-sharda.jpg","authorDescription":"Sakshi Sharda has done BBALLB(HONS) and holds a strong knowledge on the matters pertaining to finance and law. From the past one year she is working as a legal advisor and in her leisure time she works on improvising her knowledge. Sakshi is spreading her knowledge by writing for Corpbiz.","postViews":15312,"readingTime":7,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6668"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=6668"}],"version-history":[{"count":15,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6668\/revisions"}],"predecessor-version":[{"id":48505,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/6668\/revisions\/48505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/6674"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=6668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=6668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=6668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}