Select Page

Taxation

Taxation uation the provisions of the Income Tax Act, income by way of dividend on shares issued under  GDR ADR mechanism would be taxed at the rate  f 0 per cent. The issuing company should er the net dividend payments after remitting tax at source to the ODB. On...

Transfer and Redemption

Transfer and Redemption A non-resident holder of GDRs/ADRs may transfer them, or may ask the ODB tQ redeem them, In  the case of redemption, the ODB should  request the DCB to get the corresponding underlying shares  shares released in favour of the non-resident...

Issue Structure of the GDR slADRs

Issue Structure of the GDR sANDERs GORILLA OR may be issued for one or more underlying  shares or bonds held with the domestic custodian bank (DCB). GOR~/FCCBs may  e denominated  in any freely convertible foreign’ currency. The ordinary shares underlying the...