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41 Global depository receipt.

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CHAPTER III

Section 41 of Companies Act 2013

A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as may be prescribed.

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Short Notes:

  • The complete section came into force from April 1, 2014.
  • It provides that a company may issue global depository receipts to be dealt with in a depository mode in any foreign country.

 

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