Question

To whom are the underlying shares allotted in the depository receipt issuance process?

a.

Overseas depository bank

b.

Domestic custodian bank

c.

Shareholders of the company

d.

Reserve Bank of India (RBI)

Answer: (a).Overseas depository bank Explanation:The underlying shares are allotted in the name of the overseas depository bank in the depository receipt issuance process.

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Q. To whom are the underlying shares allotted in the depository receipt issuance process?

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