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Easy Foreign Listing for Start-ups & MSMEs soon 
The Govt. is preparing the rules for the listing of unlisted companies in foreign jurisdictions so that it becomes possible for start-ups & MSMEs to raise capital abroad.
@JumbuTweeple @AparBharat
The Govt. is preparing the rules for the listing of unlisted companies in foreign jurisdictions so that it becomes possible for start-ups & MSMEs to raise capital abroad.
@JumbuTweeple @AparBharat
MCA wants keep threshold for direct foreign listing at a level that is attractive and feasible for companies. The plan is to allow such listing in 8 jurisdictions to begin with i.e. USA, UK, France, Japan, South Korea, Germany & Canada.
@minmsme @MsmeDepartment @startupindia
@minmsme @MsmeDepartment @startupindia
8th is Gujarat International financial Tech (GIFT) City, Ahmedabad, which functions like foreign territory within India's geography. @GIFTCity_
Criteria / Benefits of foreign listing :
1. Lower threshold of Paid-up Capital & turn over will encourage start-ups.
@PIBIndiaMSME
Criteria / Benefits of foreign listing :
1. Lower threshold of Paid-up Capital & turn over will encourage start-ups.
@PIBIndiaMSME
2. Companies with negative networth will not be allowed to be listed abroad.
3. No mandatory requirement of dual listing.
4. Companies can list through fresh issue of shares or existing shareholding.
Currently listing is done through ADRs.
A very good initiative by Govt.
3. No mandatory requirement of dual listing.
4. Companies can list through fresh issue of shares or existing shareholding.
Currently listing is done through ADRs.
A very good initiative by Govt.
