Cross-border securities listing permitted for specified public companies, with government power to grant exemptions by notification. The amendment allows specified classes of public companies to issue classes of securities for listing on permitted stock exchanges in prescribed foreign ... Summary
Cross-border securities listing permitted for specified public companies, with government power to grant exemptions by notification.
The amendment allows specified classes of public companies to issue classes of securities for listing on permitted stock exchanges in prescribed foreign or other jurisdictions, and empowers the Central Government by notification to exempt those classes from applicable provisions of the Chapter, Chapter IV and specified statutory provisions, with each notification to be laid before both Houses of Parliament.
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