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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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