Depository Receipts

A depositary receipt is a financial instrument that allows people to invest in the shares of foreign companies. In this report, we tell you about the different kinds of depositary receipts

Earlier deadline was July 1; Move follows request by depository firms tasked with readying the backend for the new system for extension as the "changes to the systems are still under process"

As for stock investing, depository receipts offer better protection while international broker route offers more choices

Regulator yields to requests made by market participants

Markets regulator Sebi on Thursday came out with a framework to monitor foreign holding in depository receipts (DRs)

The Senate passed a legislation earlier this week that requires non-US firms to meet a number of strict criteria to remain listed

The tax rate for dividends in the hands of foreign portfolio investors is now 20 per cent, in addition to surcharge and cess. Dividends paid to DR holders, on the other hand, are taxable at 10%

NRIs barred from investing in shares issued by Indian companies in overseas market

Following regulatory approvals to increase FII the investment limit, the premium has narrowed to around 11 per cent