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The Government of India recently issued norms for Indian
Depository Receipts (IRDs). Which of the following is NOT
TRUE in this regard?

1 The companies would have a pre-issue paid up capital and
free reserves of at least 500 million US $.

2 Average turnover of the company should be 500 million US $

3 The company should have declared a dividend of not less
than 10% during the last five years

4 The company should have declared a dividend of not less
than 10% during the last five years



The Government of India recently issued norms for Indian Depository Receipts (IRDs). Which of the f..

Answer / guest

(4) The company should have declared a dividend of not less
than 10% during the last five years

Is This Answer Correct ?    0 Yes 0 No

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