valid as on 22/05/2024

Regulation 97 - Eligibility
Effective from 26-08-2009

An issuing company making an issue of IDR shall also satisfy the following:

(a) the issuing company is listed in its home country;
(b) the issuing company is not prohibited to issue securities by any regulatory body;
(c) the issuing company has track record of compliance with securities market regulations in its home country.

Explanation: For the purpose of this regulation, the term “home country” means the country where the issuing company is incorporated and listed.

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