How to List Your Company in Foreign Stock Exchanges (US, London, Luxembourg, Singapore)



Two months' Certificate programme by LawSikho Scroll Down to Learn More

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About the Course

Total Fees: INR 5,000

Get immediate access on Web, Android and iOS on enrolment

Duration: 2 months

Access to funds from international capital markets can give you a huge edge in your business, in terms of volume of funds mobilized and lower cost of funds. When Amazon was expanding in US and was in need of funds for expansion, it raised money in Europe to finance its expansion.

 

Many Indian companies are listed on NASDAQ, Luxembourg Stock Exchange and Singapore, but the knowledge of how to go about this is very scarce. This course is designed to train you on the issues that you will deal with if you want to raise finance from offshore public markets, by issuing depository receipts, debt securities or equity.   

 

Syllabus

 

Introduction to depository receipts

 

Why access capital from foreign markets?

Would foreigners be interested in investing in Indian public issues?

How can Indian companies list offshore?

Central Government Depository Receipts Scheme, 2014

Which securities can they offer through ADR and GDR Route?

How to directly list equity offshore?

 

Advanced issues around depository receipts

 

Entities involved in an international listing transaction and their roles: Issuer, Depository Bank, Custodian, Depository Receipt Holders, Stock exchange, Securities regulator

Key clauses in a deposit agreement with a bank

Sponsored and Unsponsored issuances

Do foreign shareholders have voting rights?

Do depository receipt constitute public shareholding for meeting of listing requirements?

Can companies be simultaneously listed on multiple indices?

How does dividend payout work in case of offshore listing?

Applicability of foreign laws to offshore listings

Compliance requirements and disclosures

Filings before Securities Exchange Commission (SEC)

Tax issues around offshore listing

 

Rupee-denominated bonds (‘Masala Bonds’): Strategic advantages and issuance process

 

Foreign Currency Convertible Bonds (‘FCCBs’): Issuance, benefits and restructuring

 

FCCB issuance process and Offering Circular Components

Key Terms and Conditions of a FCCB issuance (from an Offering Circular)

How to restructure your FCCB if there is a global crisis

Applicability of filing a prospectus in respect of FCCB issuance

 

Overview of requirements for listing on:

 

  • NASDAQ & New York Stock Exchange NYSE (NYSE)
  • London Stock Exchange (LSE)
  • Luxembourg Stock Exchange (Euro MFT Segment)

 

Case studies and examples

 

Structure of Fortis Healthcare and Religare Health Trust

ADRs of Baidu

Suzlon FCCB issuance and restructuring

Delisting of Eastern India Hotels (Oberoi Group) GDRs and SREI group

 

Takeaways

 

Contractual Terms of GDR issuance

Contractual Terms of FCCB issuance

Offering Circular for GDR issuance

Information Memorandum for FCCB Issuance

Deposit Agreement between Issuer and Depository Bank

Delisting Notice to Stock Exchange and Depository Holders

Course Contents

Why access capital from foreign markets?

Would foreigners be interested in investing in Indian public issues?

How can Indian companies list offshore?

Central Government Depository Receipts Scheme, 2014

Which securities can they offer through ADR and GDR Route?

How to directly list equity offshore?

Entities involved in an international listing transaction and their roles: Issuer, Depository Bank, Custodian, Depository Receipt Holders, Stock exchange, Securities regulator

Key clauses in a deposit agreement with a bank

Sponsored and Unsponsored issuances

Do foreign shareholders have voting rights?

Do depository receipt constitute public shareholding for meeting of listing requirements?

Can companies be simultaneously listed on multiple indices?

How does dividend payout work in case of offshore listing?

Applicability of foreign laws to offshore listings

Compliance requirements and disclosures

Filings before Securities Exchange Commission (SEC)

Tax issues around offshore listing

Foreign Currency Convertible Bonds (‘FCCBs’): Issuance, benefits, and restructuring

 

FCCB issuance process and Offering Circular Components

Key Terms and Conditions of a FCCB issuance (from an Offering Circular)

How to restructure your FCCB if there is a global crisis

Applicability of filing a prospectus in respect of FCCB issuance

 

Overview of requirements for listing on:

 

  • NASDAQ & New York Stock Exchange NYSE (NYSE)
  • London Stock Exchange (LSE)
  • Luxembourg Stock Exchange (Euro MFT Segment)

 

Case studies and examples

 

Structure of Fortis Healthcare and Religare Health Trust

ADRs of Baidu

Suzlon FCCB issuance and restructuring

Delisting of Eastern India Hotels (Oberoi Group) GDRs and SREI group

Contractual Terms of GDR issuance

Contractual Terms of FCCB issuance

Offering Circular for GDR issuance

Information Memorandum for FCCB Issuance

Deposit Agreement between Issuer and Depository Bank

Delisting Notice to Stock Exchange and Depository Holders

Industry Academia Panel

Pratik Dutta

Consultant, National Institute of Public Finance and Policy

Abhyuday Agarwal

COO and Co-founder, iPleaders

Ramanuj Mukherjee

CEO and Co-founder, iPleaders

Success Stories

Imagine how it would be if you could navigate the usual legal and regulatory mess with ease, and make better decisions as you scale your business or career growth. Regulatory and legal difficulties is a huge hurdle to doing business in India, and very few people have mastery over it. We are inviting you to find out more about how we can add a touch of magic to your growth. Here are some amazing success stories of our students who have taken up our courses.

I am a computer science engineer by education, but an entrepreneur by profession. Having had no formal education in running a business I was always led to a lot of "learning the hard way". When iPleaders launched the course for Entrepreneurship Administration and Business Laws, in an e-learning mode I took up the course with the objective to understand all legal nuances related to running a business. The course covered things like; understanding of ESOP, Sweat Equity, Company Policy, License agreements, IP related law, EULA and lots of other content which made sense for our business.

Atul Gupta

Managing Director of InSync Tech-Fin Solutions Ltd

I joined the NUJS diploma in Entrepreneurship Administration and Business Laws while I was working with the Calcutta Stock Exchange. I had already done my LLB and was looking for a course which would give me some practical insight. I came across the NUJS Diploma in Entrepreneurship Administration and Business Laws while searching the internet. I was looking for some course for value addition to my profile and knowledge. I had already done my LLB and MBA but wanted some practical knowledge. This course appealed to me, as it was dealing with business laws and I was working with a corporate. So this course was very significant to me and covered things which were relevant to me.

Sumit Sengupta

CFA, LL.B, Legal Counsel, Calcutta Stock Exchange

All modules in this course are meticulously designed with the emphasis on practical knowledge and it's very difficult to say which module was more informational than the other. Still, I particularly found the modules on statutory compliances, due diligence, business structuring and institutional financing to be really beneficial for me because I wanted practical insight into these topics. Non-lawyers such as businessmen are usually afraid of legal jargons that are found in books; however, this course uses a very simple and easy to understand language and therefore I recommend this course to all those who wish to enhance their business law knowledge.

Harshal Joshi

Legal Head, Legal Dog, LL.C

This course is something that would simply catalyze the process and help you in creating the best path for yourself. Being armed with a diploma in law from a prestigious national law school in itself speaks volumes – it gives the signal to the people working with you that your understanding of legal and regulatory situation should be and can be taken seriously. Given the kind of work I'm into, it does help a lot indeed, especially as one climbs the stairs of seniority and responsibility. The early headstart in legal strategy making and insights into dispute resolution is also a superb advantage.
Also joining the course has given me a new fraternity. It indeed feels great to have been associated with iPleaders…and I would be glad to continue with this relationship. I continue to get professional support from them. You can always reach out to the alumni or iPleaders founders themselves and ask for a favour.
I would strongly recommend this course to people (age no bar, beyond fulfilling the eligibility criteria) who are interested in bringing out something new (in any form) which shall be innovative and meaningful in the long run, and those who are interested in organization building – as the course helps in minimizing the number of legal and strategic hurdles that one may face after taking the plunge. You will be much more educated and smart with respect to a whole range of things once you even go through the course even partially.

Abhilash Acharya

Doctoral Fellow, IIM Ranchi

The placement support program offered by iPleaders was useful in securing my first job at Innove Law (a niche corporate law firm in Mumbai).

Unnita Bhattacharya

Associate at Krishnamurthy & Co.

This course has given me valuable insights such as drafting various agreements with clients, dealing with clients, and also choosing right organization structure my own venture and was able to help other entrepreneur in structuring their new venture.
Skills I learned during the course structuring a company, appoint advisors and remunerate them, drafting Co-Founder's Agreement, taxation of software product and SAAS companies, clear understanding of Shareholders' Meetings, legal instruments, Shareholders' Agreement, how to raise investments effectively, drafting employment agreement, Structuring ESOP& ESPS, How to avoid disputes and drainage of resources through courtroom battles, Data protection under Indian law, Cloud computing agreements, How to obtain copyright, trademark and patent registration in India.
Definitely student entrepreneurs studying in college will get a lot of benefits from this course. Interested students will be motivated like me to pursue their entrepreneurial journey keeping balance with various entrepreneurship network system, they can easily create a successful business venture without any hindrance.

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