The maximum amount that an Indian company can issue as ADR...

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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.

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