Unlisted Indian Companies Allowed on A Pilot Basis for A Period of Two Years to List and Raise Capital abroad without the Requirement of Prior or Subsequent Listing in India

Unlisted Indian Companies Allowed on A Pilot Basis for A Period of Two Years to List and Raise Capital abroad without the Requirement of Prior or Subsequent Listing in India https://www.taxtmi.com/news?id=11770 Unlisted Indian companies may, on a pilot basis, list and raise capital abroad without prior or subsequent Indian listing, limited to exchanges in IOSCO/FATF compliant or SEBI agreement jurisdictions; they must submit to SEBI the returns filed with the foreign regulator for PMLA, meet SEBI disclosure norms, comply with the FDI Policy, use proceeds for specified overseas purposes or repatriate unused funds promptly into RBI recognised AD banks, with implementation via notifications from the MoF, DIPP and RBI. en-us Fri, 27 Sep 2013 16:28:34 +0530 Fri, 27 Sep 2013 16:28:34 +0530 TaxTMI RSS Generator Unlisted Indian Companies Allowed on A Pilot Basis for A Period of Two Years to List and Raise Capital abroad without the Requirement of Prior or Subsequent Listing in India https://www.taxtmi.com/news?id=11770 Unlisted Indian companies may, on a pilot basis, list and raise capital abroad without prior or subsequent Indian listing, limited to exchanges in IOSCO/FATF compliant or SEBI agreement jurisdictions; they must submit to SEBI the returns filed with the foreign regulator for PMLA, meet SEBI disclosure norms, comply with the FDI Policy, use proceeds for specified overseas purposes or repatriate unused funds promptly into RBI recognised AD banks, with implementation via notifications from the MoF, DIPP and RBI. News - Fri, 27 Sep 2013 16:28:34 +0530 https://www.taxtmi.com/news?id=11770