Volume : 6, Issue : 9, September - 2017

GLOBAL DEPOSITORY RECEIPT

Dr. P. R Kousalya, Ms . S. Niranjana

Abstract :

<p>&nbsp;<span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">There has been increased internationalization of various firms through direct as well as indirect cross listing on international exchange .depository receipts is a form of indirect listing the DR regulatory framework in four capital market Taiwan , Brazil , Hong kong , and India</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">has been analysed and compared in this paper . The analysis shows that the DR regulation in these</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">&nbsp; </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">capital market can be categorized into to</span></p> <p class="MsoNormal"><span style="font-size:12.0pt;line-height:115%;font-family:&#10;&quot;Times New Roman&quot;,&quot;serif&quot;">Guide lines:<o:p></o:p></span></p> <p class="MsoListParagraphCxSpFirst" style="margin-left:51.0pt;mso-add-space:&#10;auto;text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-fareast-font-family:&quot;Times New Roman&quot;">1.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A strictly regulated one <o:p></o:p></span></p> <p class="MsoListParagraphCxSpLast" style="margin-left:51.0pt;mso-add-space:auto;&#10;text-indent:-.25in;mso-list:l0 level1 lfo1"><!--[if !supportLists]--><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;&#10;mso-fareast-font-family:&quot;Times New Roman&quot;">2.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span><!--[endif]--><span style="font-size:12.0pt;line-height:115%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">A sparsely regulated market<o:p></o:p></span></p>