The Government of India has introduced a landmark bill in Parliament aimed at regulating the cross-listing of Indian public companies on overseas stock exchanges, marking a significant step toward integrating India’s corporate sector with global capital markets. Titled the Indian Public Companies (Overseas Listing and Compliance) Bill, 2025, the legislation provides a comprehensive legal and regulatory framework for allowing eligible public limited companies to list their equity shares on foreign stock exchanges such as NASDAQ, NYSE, LSE, and SGX. This move is expected to enhance capital access, boost global visibility, and attract foreign institutional investment.

Under the proposed bill, only public limited companies incorporated under the Companies Act, 2013, and listed on recognized Indian stock exchanges for at least three years will be eligible for cross-listing. Companies must have a minimum net worth of ₹1,000 crore, a clean compliance history, and must receive prior approvals from SEBI, RBI, and the Ministry of Finance. The bill outlines detailed guidelines on disclosure, accounting standards (aligned with IFRS or other recognized frameworks), corporate governance, and investor protection obligations. Additionally, companies will be required to maintain dual disclosures, ensuring compliance with both Indian and foreign regulatory norms.

To prevent regulatory arbitrage, the bill prohibits round-tripping of funds and mandates quarterly filings in both jurisdictions, with provisions for a penalty in case of non-compliance. A special Overseas Listing Compliance Cell (OLCC) will be set up within SEBI to monitor and support listed companies during the listing and post-listing phases. Analysts believe this bill will position Indian firms more competitively on the global stage, enabling them to tap deeper liquidity pools, broaden investor bases, and strengthen India’s image as a globally integrated financial hub. The bill is currently under review by the Parliamentary Standing Committee on Finance and is expected to be enacted in early 2026.