Listing of equity shares in permissible jurisdictions requires e-Form LEAP-1 prospectus filing and Indian Accounting Standards compliance. Unlisted public companies without partly paid-up shares may issue equity shares for listing on stock exchanges in specified permissible jurisdictions, including offers for sale by existing shareholders, provided they comply with the Direct Listing Scheme, any securities regulator conditions, file a prospectus in e-Form LEAP-1 within seven days of finalising it with the permitted exchange, pay applicable fees, and prepare financial statements in accordance with Indian Accounting Standards in addition to any standards required by the relevant securities regulator or stock exchange.
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 of equity shares in permissible jurisdictions requires e-Form LEAP-1 prospectus filing and Indian Accounting Standards compliance.
Unlisted public companies without partly paid-up shares may issue equity shares for listing on stock exchanges in specified permissible jurisdictions, including offers for sale by existing shareholders, provided they comply with the Direct Listing Scheme, any securities regulator conditions, file a prospectus in e-Form LEAP-1 within seven days of finalising it with the permitted exchange, pay applicable fees, and prepare financial statements in accordance with Indian Accounting Standards in addition to any standards required by the relevant securities regulator or stock exchange.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.