The Ministry of Corporate Affairs (MoCA), on November 03, 2026, notified the Companies (Listing of equity instruments in permissible jurisdictions) Amendment Rules, 2026, further to amend the Companies (Listing of equity shares in permissible jurisdictions) Rules, 2024.
The following has been stated: -
•The Ministry of Corporate Affairs has amended the Companies (Listing of Equity Instruments in Permissible Jurisdictions) Rules, 2024, by replacing the term “shares” with “instruments” and introducing the definition of “equity instruments”, including equity shares, convertible debentures and preference shares issued by an Indian company.
•The amendment extends the applicability of the Rules to unlisted public companies in International Financial Services Centres (IFSCs), subject to the applicable regulatory framework.
•Companies having negative net worth are now eligible to issue equity instruments for listing, provided at least 75% of the net offer is allotted to Qualified Institutional Buyers (QIBs).
•Further, the eligibility conditions relating to existing holders, specified defaults and the period of relevant financial criteria have been revised. Form LEAP-1 has also been substituted to facilitate submission of prospectuses and related approvals with the Registrar of Companies.
They shall come into force on November 04, 2026.
The detailed notification is given in the document below.
[Notification No.: G.S.R. 968(E)]
