The International Financial Services Centres Authority (IFSCA) on January 24, 2024 issued the FAQs on Direct Listing Scheme
The following questions have been answered namely: -
• What is the Direct Listing Scheme?
• Which types of companies are eligible to list their shares on an international exchange under the Direct Listing Scheme?
• Which public Indian companies are eligible under the new framework?
• Are private companies eligible under the Scheme?
• What is an international exchange in the context of this Scheme?
• who can invest or trade under the Direct Listing Scheme?
• Are non-resident Indians (NRIs) permitted to buy or sell shares of an Indian company listed on international exchange under this Scheme?
