Listing on permitted exchanges: unlisted companies may list equity abroad subject to scheme, SEBI conditions, prospectus filing and Ind AS. Unlisted public companies (not covered by rule 5 and without partly paid-up shares) may issue equity, including offers for sale by existing shareholders, ... Summary
Listing on permitted exchanges: unlisted companies may list equity abroad subject to scheme, SEBI conditions, prospectus filing and Ind AS.
Unlisted public companies (not covered by rule 5 and without partly paid-up shares) may issue equity, including offers for sale by existing shareholders, to list on a stock exchange in a permissible jurisdiction, subject to compliance with the Scheme. If also seeking domestic recognised exchange listing, the listing must satisfy additional SEBI-prescribed conditions. The company must file the prospectus in e Form LEAP 1 with fees within seven days of finalisation and filing on the permitted exchange, and prepare financial statements in accordance with Indian Accounting Standards in addition to any other applicable standards.
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