SME Times is powered by   
Search News
Just in:   • Centre, states should work together to boost exports: Modi  • Ongoing trade wars present excellent opportunity: Minister  • India, Krygyz Republic raise ties to strategic partnership  • Punjab CM seeks fresh river water tribunal  • Biocon facilities receive European regulatory nod 
Last updated: 13 Jun, 2018  

Sebi.9.Thmb.jpg SEBI committee to look at allowing Indian cos to directly list abroad

SEBI.9.jpg
   Top Stories
» Centre, states should work together to boost exports: Modi
» Ongoing trade wars present excellent opportunity: Minister
» Mineral policy will need synergy among stakeholders: Official
» Pre-Budget consultation: Minister meets trade unions
» 'Low exports growth due to sluggish global trade'
SME Times News Bureau | 13 Jun, 2018
The Securities and Exchange Board of India (Sebi) on Tuesday constituted an expert committee "to consider facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa".

According to the regulator, the committee will examine in "detail the economic case for permitting" such activity.

Besides, it will look into various legal, operational and regulatory constraints in such a move and make recommendations for a suitable framework in which to facilitate such direct listing.

"Considering the evolution and internationalisation of the capital markets, it would be worthwhile to consider facilitating companies incorporated in India to directly list their equity share capital abroad and vice versa," SEBI said.

Presently, direct listing of equity share capital of companies incorporated in India is not permitted on foreign exchanges and vice versa.

Accordingly, companies incorporated in India can list their debt securities on international exchanges (Masala Bonds) but their equity share capital can be listed abroad only through the ADR (American Depositary Receipt) or GDR (Global Depository Receipt) route.

Similarly, companies incorporated outside India can access the Indian capital markets only through the IDR (Indian Depository Receipt) route.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 16 Jun, 2019
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» The Silk Road - A journey through history(6)
» Starting an import export business: Basic guide for beginners(1)
» Manifestos of major political parties(1)
» RBI issues new circular on resolution of stressed assets(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter