Tuesday, August 17, 2021

IFSCA issues regulations on issue and listing of the securities in the IFSC in India

 The IFSCA has issued regulations on issue and listing of the securities in the IFSC in India (Regulation). The Regulation inter alia provides a framework on the following aspects:

 

·         Public offer of Specifies securities [IPO and FPO]

·         Listing of Start-up and SME companies

·         Secondary listing of Securities

·         Listing of Special Purpose Acquisition Companies (SPACs)

·         Listing of Depository Receipts

·         Listing of Debt Securities

·         Listing of Environment, Social and Governance (ESG) Debt Securities

 

The Regulation were issued on 16 July 202

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Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

  This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...