Electronic mode exclusion clarified for securities offerings in international financial services centres, not treated as electronic mode under Companies Act. Clarification that electronic-based offerings, subscriptions or listings of securities in International Financial Services Centres shall not be construed as electronic mode for purposes of clause (42) of section 2 of the Companies Act, by inserting an explanation in rule 2(1)(c) of the Companies (Registration of Foreign Companies) Rules, 2014.
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Electronic mode exclusion clarified for securities offerings in international financial services centres, not treated as electronic mode under Companies Act.
Clarification that electronic-based offerings, subscriptions or listings of securities in International Financial Services Centres shall not be construed as electronic mode for purposes of clause (42) of section 2 of the Companies Act, by inserting an explanation in rule 2(1)(c) of the Companies (Registration of Foreign Companies) Rules, 2014.
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