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India Business Bulletin (February 2021)

The MCA has specified the class of companies which shall not be covered under the definition of ‘listed companies’ as contained in section 2(52) of the Companies Act, 2013 (the ‘Act’). The specified classes of companies broadly include private companies and public companies which have not listed their equity shares on a recognised stock exchange, but have listed their non-convertible debt securities and/or non-convertible redeemable preference shares issued on private placement basis as per applicable regulations.

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