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Section 41 of the Companies Act 2013: Global Depository Receipt (GDR)

SECTION-41 (Global Depository Receipt) under PART-I (Public Offer) of CHAPTER-III (Prospectus and Allotment of Securities) of the 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.





Extra Notes for Readers

(1) The Companies Act, 2013 received the assent of the President on the 29th August, 2013 (Published in the Gazette of India, Extraordinary, Part II - Section 1 by Ministry of Law and Justice, Legislative Department on 30th August, 2013) - link


(2) Section 41 of the Companies Act 2013 was notified by MCA Notification S.O. 902(E) dated 26th March 2014 (w.e.f. 1st April 2014) - link

(3) Refer the following rule(s) of the Companies (Issue of Global Depository Receipts) Rules, 2014 - link :
  • Rule 4 (Conditions for Issue of Depository Receipts)






This page was last updated on 20th November 2016.

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