Answer-Global Depository Receipt (GDR) means a security issued by a bank or a depository outside India agai...

Section 41 A company may, after passing a special resolution in its general meeting, issue depository receipts in any foreign country in such manner, and subject to such conditions, as may be prescribed. Section 42 Offer or invitation for subscription of securities on private placement. Section 43 Kinds of share capital equity share capital and preference share capital Section 44 Nature of shares or debentures The shares or debentures or other interest of any member in a company shall be movable property transferable in the manner provided by the articles of the company

Question

Global Depository Receipt (GD

R means a security issued by a bank or a depository outside India against underlying rupee shares of a company incorporated in India. Which section of the Companies Act is related to the issue of GDR?

A Section 40

B Section 41

C Section 42

D Section 43

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