https://www.taxtmi.com/article/detailed?id=12754 The rules permit eligible Indian public companies to issue equity shares for listing on the International Financial Services Centre and the India International Exchange under the Direct Listing Scheme, subject to Scheme and securities regulator conditions. Ineligible companies include Section 8 and Nidhi companies, firms with outstanding deposits, negative net worth, specified defaults, insolvency or winding-up proceedings, or failures to file statutory returns. Eligible unlisted companies with no partly paid-up shares may issue equity or allow offer-for-sale, must file a certified prospectus in e-Form LEAP-1 within seven days of finalizing listing, and must prepare financial statements in accordance with Indian Accounting Standards. en-us Mon, 01 Jul 2024 10:02:00 +0530 Mon, 01 Jul 2024 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12754 The rules permit eligible Indian public companies to issue equity shares for listing on the International Financial Services Centre and the India International Exchange under the Direct Listing Scheme, subject to Scheme and securities regulator conditions. Ineligible companies include Section 8 and Nidhi companies, firms with outstanding deposits, negative net worth, specified defaults, insolvency or winding-up proceedings, or failures to file statutory returns. Eligible unlisted companies with no partly paid-up shares may issue equity or allow offer-for-sale, must file a certified prospectus in e-Form LEAP-1 within seven days of finalizing listing, and must prepare financial statements in accordance with Indian Accounting Standards. Articles Corporate Laws / IBC / SEBI Mon, 01 Jul 2024 10:02:00 +0530 https://www.taxtmi.com/article/detailed?id=12754