Can IDR Holders ever hold IDRs in physical form?
IDR Holders may, at their option, elect to hold the IDRs in physical form represented by an IDR Certificate, rather than in electronic form represented by Dematerialised IDRs. IDR Holders will be required to pay a sum per IDR Certificate which is determined by the Depository to be a reasonable charge to reflect the work, costs and expenses involved, if such an election is made. In addition, IDR Holders will be entitled to receive IDR Certificates at the expense of the Company upon the occurrence of certain events relating to NSDL and CDSL ceasing to operate or in the event that the Depository determines that by holding IDR Certificates certain deductions or withholdings from payments to IDR Holders would be avoided.
