Equity Investments Q159
Statement I: The only disadvantage of a global depository receipt is that it is subject to capital flow restrictions.
Statement II: Sponsored depository receipts provide the investors with voting rights while unsponsored depository receipts do not.
Which of the following statements is most accurate?
- Option : B
- Explanation : Global depository receipts are not subject to capital flow restrictions. Therefore statement I is incorrect. Statement II is correct.
