2 Definitions.

(1) In these Rules, unless the context otherwise requires, -

(a) “Act” means the Companies Act, 2013 (18 of 2013);

2[(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 1[Depository Receipts Scheme,2014] or any modification or re-enactment thereof;

(2) Words and expressions occurring in these rules shall bear the same meaning as in the Act and the 1[Depository Receipts Scheme,2014] or any modification or re-enactment thereof.

Amendment

1. Substituted by the Companies (Issue of Global Depository Receipts) Amendment Rules, 2020. Dated 13.02.2020

in rule 2 for the words, brackets and figures;

Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993

the following shall be substituted namely;

Depository Receipts Scheme,2014.

2. Inserted by the Companies (Issue of Global Depository Receipts) Amendment Rules, 2020. Dated 13.02.2020