Global Depository Receipts in India: boon or bane

نویسندگان

چکیده

The Global Depository Receipt (“GDR” or “DR”) is a structured financial instrument denominated in foreign currency and Indian companies issue equity shares/securities underlying the GDR to international investors. Many have used GDRs for manipulative fraudulent practices regulator, SEBI has penalised them. This paper aims evaluate legitimacy of malpractices associated with them find if there any need reform Scheme, see are beneficial economy inherently instruments looks at laws governing GDR. authors employed methods , literature review empirical research. conducted research participants industry April May 2021 by way an online Questionnaire unstructured telephonic interviews. study results author’s conclusion that legitimate but abused Scheme led malpractices. failed conclude about reforms laws. recommends suitable amendment DR scheme intention plug its loopholes allow it jurisdictions highest compliance requirements while keeping mind cost such compliance.

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ژورنال

عنوان ژورنال: Finansy: teoriâ i praktika

سال: 2021

ISSN: ['2587-5671', '2587-7089']

DOI: https://doi.org/10.26794/2587-5671-2020-25-5-117-132