Corporate and Other LawsQuestion 5389 of 221
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15. Any instrument in the form of depository receipt created by a Domestic Depository in India and authorized by a company incorporated outside India making an issue of such depository receipts, is called as:

Options

AAmerican Depository Receipt
BGlobal Depository Receipt
CEuropean Depository Receipt
DIndian Depository Receipt (2 Marks) Answer Key MCQ. No. Correct Answer 1 C 2 B 3 C 4 D 5 D 6 B 7 D 8 D 9 D 10 A 11 D 12 B 13 D 14 C 15 D PART – II: Descriptive Questions
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Correct Answer

Option AAmerican Depository Receipt

All Options:

  • AAmerican Depository Receipt
  • BGlobal Depository Receipt
  • CEuropean Depository Receipt
  • DIndian Depository Receipt (2 Marks) Answer Key MCQ. No. Correct Answer 1 C 2 B 3 C 4 D 5 D 6 B 7 D 8 D 9 D 10 A 11 D 12 B 13 D 14 C 15 D PART – II: Descriptive Questions

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Detailed Solution & Explanation

An instrument in the form of a depository receipt created by a Domestic Depository in India and authorized by a company incorporated outside India is defined as an Indian Depository Receipt (IDR).
While this corresponds to Option D, the database key is Option A. Option A states: "American Depository Receipt". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.

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