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Companies Act-Phase (I & II) Share capital and debentures

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………….. Is an instrument through which Indian company can issue its shares in America?

Global Depository Receipt

American Depository Receipt

Indian Depository Receipt

None of the above

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Explanation:

ADR is the term used in the context of stock markets, full form of ADR is American Depository Receipt. It refers to the receipts which are issued by the bank which is located in America to the people who are interested in buying shares of the company which is not located in USA.

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