Breaking: Finance Ministry Triumphantly Amends Outdated Securities Contracts Regulation Rules of 1956

The Finance Ministry has revised the Securities Contracts Regulation Rules, 1956, enabling public Indian companies to list their securities directly on international exchanges within the GIFT Indian Financial System Code (IFSC). This amendment aims to simplify global capital access, particularly benefiting Indian start-ups and firms in emerging and technology-driven sectors, thereby providing opportunities for these companies to expand their market presence internationally.

The Ministry’s announcement, delivered via a gazette notification, highlights the significant impact of these regulatory changes. Under the new rules, any public Indian company seeking exclusive listing on IFSC international exchanges must ensure that at least 10 percent of their post-issue capital is offered and allotted to the public, as specified in the offer document.

These amendments mark a strategic move to integrate Indian companies more deeply into the global financial ecosystem, fostering international growth and development within the burgeoning Indian corporate landscape.

Original Story https://www.newsonair.gov.in/finance-ministry-amends-securities-contracts-regulation-rules-1956/
Category : National
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