Business/ News Measurements Network
A high level committee has recommended the Indian Securities and Exchange Board (SEBI) to directly list Indian companies in foreign exchanges. The committee says that similarly foreign companies should also be allowed to be listed directly in Indian stock exchanges.
Indian companies can now be listed on depository receipts in foreign exchanges. In the same way, foreign companies have to follow the path of Indian Depository Receipts to list their shares in Indian markets. Apart from this, Indian companies can list their debt securities products directly into foreign exchanges. For this, he can release masala bonds.
In its 26-page report, the committee has suggested to Indian companies to directly list foreign markets and foreign companies in Indian markets. The Committee recommends that permissions should be allowed in any fixed stock exchange in the area permitted under this framework. The area of permission is from a place which is tied in with the commitment of sharing information and cooperation with Indian officials in the event of an investigation under the treaty.