MCA Replaces Form LEAP-1, Notifies Amendment to Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules [Read Notification]
The revision improves the procedure for companies seeking to list their equity shares in jurisdictions outside of India, as permitted by Indian law, by substituting the present Form LEAP-1 with a redesigned version.
MCA - companies - rule - Taxscan
MCA - companies - rule - Taxscan
The Ministry of Corporate Affairs (MCA) has introduced a key amendment to the Companies (Listing of Equity Shares in Permissible Jurisdictions) Rules, 2024, through a notification dated July 3, 2025.
The revision improves the procedure for companies seeking to list their equity shares in jurisdictions outside of India, as permitted by Indian law, by substituting the present Form LEAP-1 with a redesigned version.
The revised rules, titled the Companies (Listing of Equity Shares in Permissible Jurisdictions) Amendment Rules, 2025, have been notified under the authority of Section 23(3) read with Section 469 of the Companies Act, 2013, and came into immediate effect upon publication in the Official Gazette.
Key Features of the New Form LEAP-1
Form LEAP-1, which has been replaced, offers a more structured and comprehensive process for submitting a prospectus to the Registrar of Companies, which is a requirement for listing abroad. According to Rule 4 of the original 2024 Rules, Indian companies that plan to list equity shares in certain approved jurisdictions must utilize the form.
Key mandatory fields include:
- Corporate Identity Number (CIN)
- Name, Registered Office Address, and Email ID of the Company
- Purpose of Application (Filing of Prospectus)
- Approval and Submission Dates to the Securities Regulator/Stock Exchange
- Status of any pending inspections, investigations, or inquiries under the Companies Act, 2013
Mandatory Attachments
The form requires submission of:
- Copy of approval from the securities regulator/stock exchange.
- Acknowledgement copy of prospectus filing.
- Full copy of the prospectus.
- Any optional documents, if applicable.
The revised form must be digitally signed by an authorised person such as the Director, Manager, Company Secretary, CEO, or CFO. Additionally, a practising professional Chartered Accountant, Company Secretary, or Cost Accountant must certify that they have verified all information and attachments based on original company records and found them true and complete.
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