a. The regulations relating to the issue of Indian Depository Receipts contained in Securities and Exchange Board of India.

b. The Standard Chartered PLC became the first global company to file for an issue of Indian depository receipts in India

c. The Indian Depository Receipts derive their value from the shares deposited with custodians.

d. In case of Indian Depository Receipts, The Custodian is always a foreign entity