Corporate governance continues to be a pressing issue since the introduction of the Sarbanes-Oxley Act in the U.S. in 2002, which was ushered in to restore public confidence in companies and markets after accounting fraud bankrupted high-profile companies such as Enron and WorldCom. In India too, over the past few years, trust in political and …
The Ministry of Finance (“MoF“) through a press release dated September 27, 2013 (“Press Release“)1, has permitted unlisted Indian companies to list directly on offshore stock exchanges without prior or simultaneous or subsequent listing in India, which was not permitted earlier. The main features of Press Release are: Unlisted companies allowed to issue ADRs/ GDRs …
Indian Unlisted Companies Allowed to List Internationally Read More »
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