Rule 2 Definitions
- Chapter
- I · Issue of Depository Receipts
- Text as on
- 14 August 2026
2. Definitions. (1) In these Rules, unless the context otherwise requires, -
(a) “Act” means the Companies Act, 2013 (18 of 2013);
(aa) "overseas depository" or "overseas depository bank" shall mean 'foreign depository' as defined in the Scheme.';
(b) “Section” means section of the Act;
(c) “Scheme” means the Depository Receipts Scheme, 2014 Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 or any modification or reenactment thereof;
(2) The Words and expressions used in these rules but not defined and defined in the Act or in the Companies (Specification of definitions details) Rules, 2014 or in the Depository Receipts Scheme, 2014 Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 shall have the meanings respectively assigned to them in the Act or in the said rules or scheme.