pls explain level 1 entities? entity whose equity or debt is listed or in process of listing on stock exchange whether in india or outside india.if it is listed in stock exchange -it becomes corporate entity .then why this definition?
1 Replies
C.A.SUNIL HUKKERI
(CHARTERED ACCOUNTANT)
(58 Points)
Replied 22 March 2014
It seems the enterprise which are in process of listing their equity or debt securities are are covered within Level I because of its size. Levels are categorized based on size.
therefore enterprise which are in process of listing are near to get listed based on board resolution.
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