The conditions for enabling firms to avail of this provision will involve profitability, networth, paid-up capital, and turnover.
The ministry of company affairs (MCA) is finalising the procedures for the listing of unlisted businesses in foreign jurisdictions, so that it gets to be possible for start off-ups and tiny and medium enterprises to elevate capital abroad.
The MCA needs to retain the threshold for direct overseas listing at a stage that is eye-catching and possible for providers.
The strategy is to allow these kinds of listing in eight jurisdictions to start with.
These incorporate the US, the Uk, South Korea, Japan, France, Germany, and Canada.
The eighth is the Intercontinental Economical Providers Centres Authority’s (IFSCA’s) Gujarat Worldwide Finance Tec (Reward) Metropolis close to Ahmedabad in Gujarat, which capabilities like a foreign territory inside India’s geography.
The sensible town is built to contend with financial services centres like Hong Kong, Singapore,