Comment on the following: Indian companies unlisted in India can go for listing in a foreign stock exchange.
CS Executive · Capital Markets & Securities Laws · PYQS · December 2016
Comment on the following: Indian companies unlisted in India can go for listing in a foreign stock exchange.
Answer & Explanation:
The statement is true . Unlisted Indian companies in India can go for listing in foreign stock exchange as per 'Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993', Depository Receipts Scheme, 2014 and Companies (Issue of Global Depository Receipts) Rules, 2014.
Topics: International Listing