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CS Professional · IFSCA - Regulations, Listing and Compliances · Listing and Issuance of Securities

Orion Global Inc, a company incorporated in the United States, plans to list equity shares in GIFT IFSC and also wants to remain compliant with its home regime. Which approach best reflects the IFSCA framework for such a foreign issuer?

A foreign company can list directly on an IFSC exchange by satisfying IFSCA disclosure and listing requirements, without moving its domicile to India or becoming an Indian company. The idea that foreign issuers are barred or must re-domicile is incorrect.

  1. AIt must first re-domicile to India before listing
  2. BIt cannot list because foreign companies are barred from IFSC exchanges
  3. CIt may list directly as a foreign company, subject to IFSCA disclosure and listing requirements, without re-domicilingCorrect
  4. DIt must obtain approval from the Registrar of Companies in India as an Indian public company

Explanation

IFSCA permits direct listing of foreign companies on IFSC exchanges, subject to compliance with its disclosure and listing norms. No re-domiciliation or conversion into an Indian company is needed, and foreign companies are not barred.

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