OVERSEAS EXCHANGE LISTING

Our practice in the arena of international offerings focuses on:

• Advising our clients on all aspects of making a public offer in an international or a non-local market. Our advice encompasses the Indian exchange control regulations, and the applicable guidelines issued from time to time by the various Indian authorities such as the Ministry of Finance and the Reserve Bank of India
• Drafting the requisite documents for the ADR/GDR/IDR issue. In drafting these documents, we take into cognizance the requirements under various relevant Indian laws, guidelines and regulations and the requirements of the underwriters and overseas stock exchange
• Conducting a legal due diligence exercise in the context of the disclosure to be made by the issuer in the registration statement/prospectus
• Assisting the issuer company to comply with all overseas listing requirements by co-coordinating with the foreign counsel and also by resolving conflicts if any, between Indian company law requirements and the listing requirements of the overseas exchange
• Advising our clients on issues relating to the raising of debt capital including the Indian regulatory approvals required, the restrictions on the payment of interest to foreign investors and the tax related issues