II. LISTING OF COMPANIES & SECURITIES
Posted on June 21, 2008
- (1)
- No dealings in securities of a company shall be allowed on the Exchange, either on the Ready Quotation Board or Cleared List, unless the company or the securities have been listed and permission for such dealing has been granted in accordance with the Regulations.
- The permission under Sub‑Regulation (I) may be granted upon an application being made by the company or in respect of the securities in the manner prescribed. The Exchange, in granting such permission will consider among other things, sufficiency of public interest in the company or the securities.
- The Exchange shall decide the question of granting permission within a maximum period of three months from the date of receipt of listing application. In case the permission is refused, the reasons thereof will be communicated to the applicant and the Commission within two weeks of the decision
- The Board will be the sole authority to grant, defer or refuse such permission and may for that purpose, relax any of these Regulations subject only to two‑third majority of the directors present at such meeting of the Board and so resolving.
- The application for listing shall be made by the applicant company or on behalf of the security in the prescribed form and will be accompanied by the fees, specified in the Regulations.
- The Board may require additional evidence, declarations, affirmations and information as also other forms to be filled up and all such requisitions shall be deemed to be prescribed requisitions for the purpose of a proper application for consideration by the Board for listing.
- If an application together with the additional information referred to in Sub‑Regulation
(2) is not submitted, the Board may defer consideration or decline to consider it in which case such application will stand disposed off as refused. However, the applicant may move a fresh application after six months from the date of refusal unless the Board other‑wise decides.
- An applicant company or security applying for listing shall furnish full and authentic information in respect thereof and such other particulars as the Board of the Exchange may require from time to time. All routine particulars may be called for by the Secretary.
