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Bill to let Startups list overseas gets Lok Sabha nod

Shortpedia

Content Team
Image Credit: shortpedia

The Lok Sabha, on Saturday, passed the Companies (Amendment) Bill, 2020. The bill allows public companies to list certain class of securities in foreign jurisdictions. The current legal framework doesn’t allow Indian companies to directly list abroad, before getting themselves listed in Indian stock exchanges. The bill seeks to allow public companies to list certain class of securities in foreign jurisdictions