Bombay Stock Exchange Listing Agreement

7. The company should be listed on the Regional Stock Exchange for at least two years. Companies listed by this stock exchange that wish to reposition themselves must make a new public offer and comply with the current SEBI and BSE guidelines for IPOs. AND CONSIDERING that a requirement of the Exchange is that listing requires that an agreement be tabled with respect to the following conditions, which appears to be eligible for the admission and sustainability of these securities on the 16th list of the Stock Exchange. The Company undertakes to close its TransferBooks for the purpose of reporting dividends or issuing legal shares or bonuses or issuing shares for the conversion of bonds or shares resulting from bonds or other purposes to which the Exchange may consent. or also require and undertakes to close their transfer books at least once a year at the time of the general meeting, if they have not been closed otherwise at any time of the year, and to forward the notification to the Stock Exchange in advance of at least forty-two days; (thirty days for the securities of these securities that are announced from time to time by SEBI for compulsory delivery in dematerialized form by all investors) or so many days, as the Exchange reasonably requires from time to time, during which the closing dates of its transfer books (or, if the transfer books are not to be closed, the registration date of their shareholders or bonds), the indication of the purpose or purposes for which transfer books must be closed (or protocol) and the transmission of copies of these notices to other recognized exchanges in India. The company also agrees that the minimum discrepancy between the two book closures and/or registration dates would be at least 30 days. iv. Voluntary decotation by the stock exchange company (n). e.

“rights,” exchange shares for coupons or fractional certificates when required by the Stock Exchange; At its meeting on August 6, 2002, the Stock Exchange`s Board of Directors changed the direct listing standards of companies listed on other exchanges that apply to be listed in the event of BSE. These standards apply with immediate effect. An entity should carefully respect the time limit for the allocation of all securities and the sending of letters of allocation/certificates of shares and repayment orders, as well as the obtaining of the listing rights of all exchanges whose name is indicated in its prospectus or in the offer documents. Companies wishing to have their securities listed in the event of BSE must enter into an agreement with the BSE, the Listing Agreement, which asks them to provide certain information and perform certain acts, otherwise the company may be threatened with disciplinary sanctions, including the suspension/de-delisting of securities. Therefore, the list agreement is of great importance and takes place under the common seal of a company. As part of the listing agreement, an entity undertakes, among other things, to provide opportunities for transfer, registration, subdivision and consolidation of securities without delay; properly report the closing of transfer books and registration dates, submit six copies of annual reports, balance sheets and unrebreeding statements and losses to the BSE, present quarterly participation models and financial results; immediately inform the Stock Exchange to comply with corporate governance conditions, etc., events that could have a significant impact on the company`s financial capacity and share prices.

  • Facebook
  • Twitter
  • Google +
  • LinkedIN
Tagged in