Sir,please explain me about American depositary receipts ,Global depositary receipts,Carbon credits and how they are useful in financing a business.
1 Replies
Ashish Tewani
(CA Final Article at V.P. Mehta & Co.)
(83 Points)
Replied 27 August 2014
1. If you as an Individual want to invest in a Company which is situated in America, you cannot be a Shareholder, instead you get American Depository Receipts. Its nothing but an investment receipt, like a Share Certificate.
2. Similarly, If you want to invest in a Company situated outside India (Except America), you get Global Depository Receipts.
3. I don't know about Carbon Credits, sorry!
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