Question

When is a holder of depository receipts entitled to vote as a member of the company?

a.

Only after conversion of depository receipts into underlying shares

b.

Before conversion of depository receipts into underlying shares

c.

Only during the issuance of depository receipts

d.

Both before and after conversion of depository receipts

Posted under IC 89 Management Accounting

Answer: (a).Only after conversion of depository receipts into underlying shares Explanation:A holder of depository receipts is entitled to vote as a member of the company only after the conversion of depository receipts into underlying shares.

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Q. When is a holder of depository receipts entitled to vote as a member of the company?
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