Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
This notification amends the Securities Contracts (Regulation) Rules, 1957, to facilitate listing of securities on recognized stock exchanges in International Financial Services Centres (IFSCs). Key changes include inserting definitions for "International Financial Services Centre" and "International Financial Services Centres Authority", and modifying minimum public shareholding requirements for companies listed on IFSC stock exchanges from 25% to 10%, irrespective of post-issue capital. The amendments aim to promote IFSCs by relaxing certain regulatory norms for companies seeking listing within these designated financial hubs.
This notification amends the Securities Contracts (Regulation) Rules, 1957, to facilitate listing of securities on recognized stock exchanges in International Financial Services Centres (IFSCs). Key changes include inserting definitions for "International Financial Services Centre" and "International Financial Services Centres Authority", and modifying minimum public shareholding requirements for companies listed on IFSC stock exchanges from 25% to 10%, irrespective of post-issue capital. The amendments aim to promote IFSCs by relaxing certain regulatory norms for companies seeking listing within these designated financial hubs.
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