Depository receipts regime fails to take off due to Sebi concerns4 min read . Updated: 03 Jun 2016, 08:30 AM IST
Depository receipts are difficult to monitor and can be used for money laundering and market manipulation, Sebi fears
Mumbai: Eighteen months after the government notified liberalized norms for depository receipts, the industry is yet to see any issuances as the Securities and Exchange Board of India (Sebi) remains opposed to the idea of promoting depository receipts and is yet to issue relevant regulations.
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