The Indian government has given permission for Indian companies to directly list on foreign exchanges, following the opening of GIFT City. However, there are still obstacles to overcome, such as changes to capital gains tax. The Ministry of Corporate Affairs has set October 30 as the designated date for notification under the Companies Act. Some market participants believe that the government initially hesitated on allowing foreign listings as it wanted companies to first do a domestic issue.
- News Source Indiatimes (Click to view full news): CLICK HERE
0 Comments:
Leave a Reply