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of <h1>Unlisted Indian companies can now list abroad without domestic listing, pilot initiative approved for two years.</h1> Unlisted companies incorporated in India are now permitted to list and raise capital abroad without needing prior or subsequent listing in India. This initiative, approved by the Union Finance Minister, will be on a pilot basis for two years. Companies can list only on exchanges in IOSCO/FATF compliant jurisdictions or those with SEBI agreements. They must comply with SEBI's disclosure requirements and the FDI Policy. Raised capital can be used for overseas operations or debt retirement. Unused funds must be remitted back to India within 15 days. Relevant notifications will be issued by the Ministry of Finance, DIPP, and RBI.
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