Rule 6 Voting rights
- Chapter
- I · Issue of Depository Receipts
(1) A holder of depository receipts may become a member of the company and shall be entitled to vote as such only on conversion of the depository receipts into underlying shares after following the procedure provided in the SchemeDefined in rule 2(c): Scheme means the 2[Depository Receipts Scheme, 2014] or any modification or re enactment 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 2[Depository Receipts Scheme, 2014] shall have th... and the provisions of this Act.
(2) Until the conversion of depository receipts, the overseas depository shall be entitled to vote on behalf of the holders of depository receipts in accordance with the provisions of the agreement entered into between the depository, holders of depository receipts and the company in this regard.