The maximum amount that an Indian company can issue as ADR/GDR in a year is
A. USD 500 million
B. USD 30 million
C. USD 20 million
D. No monetary ceiling
Answer: Option D
Solution(By Examveda Team)
The maximum amount that an Indian company can issue as ADR/GDR in a year is No monetary ceiling. The Monetary Ceiling is the maximum amount for which a Member can be held liable (ie. the cap) where a Court determines that the Member is compliant with all relevant obligations.This Question Belongs to Management >> International Finance And Treasury
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