Question

Which of the following is NOT a purpose for issuing depository receipts?

a.

Raising foreign capital

b.

Gaining recognition of corporate entity in the international market

c.

Promoting insider trading

d.

Emphasizing ESOP (Employees' Stock Options Plans)

Answer: (c).Promoting insider trading Explanation:Promoting insider trading is not a purpose for issuing depository receipts.

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Q. Which of the following is NOT a purpose for issuing depository receipts?

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