Companies Act, 2013
390. Offer of Indian Depository Receipts.
Notwithstanding anything contained in any other law for the time being in force, the Central Government may make rules applicable foró
a. the offer of Indian Depository Receipts;
b. the requirement of disclosures in prospectus or letter of offer issued in connection with Indian Depository Receipts;
c. the manner in which the Indian Depository Receipts shall be dealt with in a depository mode and by custodian and underwriters; and
d. the manner of sale, transfer or transmission of Indian Depository Receipts, by a company incorporated or to be incorporated outside India, whether the company has or has not established, or will or will not establish, any place of business in India.