Regulation 100 - Fungibility
Effective from 26-08-2009
The Indian Depository Receipts shall be fungible into underlying equity shares of the issuing company in the manner specified by the Board and Reserve Bank of India, from time to time.Substituted vide SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2013, w.e.f. 27.02.2013. To view the notification,Click Here
The Indian depository Receipts shall not be automatically fungible into underlying equity shares of issuing company.
SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2013, w.e.f. 27.02.2013.