Redemption of Indian Depository Receipts into underlying Equity Shares:

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Vide its Circular no. CIR/CFD/DIL/10/2012 dated August 28, 2012, SEBI has prescribed a framework for two-way frangibility of IDRs so as to improve the attractiveness of IDRs as an instrument thereby ensuring long term sustainability of IDRs. To retain the domestic liquidity, it is decided to allow partial frangibility of IDRs (i.e. redemption/conversion of IDRs into underlying equity shares) in a financial year to the extent of 25 % of the IDRs originally issued. Suitable instructions for modifying the existing legal framework governing IDRs, in order to implement the decision to allow redemption of IDRs into underlying equity shares and re-conversion of equity shares of a foreign issuer (which has already listed their IDRs) into IDRs, will be issued separately. 

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Annulment of Marriage under Hindu Law

Annulment of Marriage

As per Legal terminology, the term annulment refers making a marriage null and void/voidable; in case the marriage is void ab initio (which means the marriage is consider More

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Helplinelaw can set up your session with quality and experienced lawyers to discuss and resolve your legal matters. You can avail consultation in form of sending questions, phone call or webchat discussion  More