Unlisted company overseas capital raising allowed with conditional two-year exemption from domestic listing, subject to jurisdiction and disclosure rules. Unlisted companies may raise capital abroad without prior or subsequent domestic listing for an initial two year period subject to conditions: listing only on exchanges in IOSCO/FATF compliant jurisdictions or those with SEBI agreements; filing returns to SEBI for PMLA and complying with SEBI disclosure requirements; adherence to the FDI policy; use of proceeds for retiring overseas debt or operations abroad including acquisitions; and if not so utilised, remittance to India within 15 days with funds parked only in RBI recognized AD category banks.