Listing of securities

Submitted to: by: Mrs. Janki Mistry submitted Hiren Halpati Mehul Mistry Nirav Mistry Sanket Mistry

Meaning
Admission of security of an issuer to trading privileges on a stock exchange through a formal agreement. provide liquidity and of marketability to securities provide a mechanism for effective management of trading.

Objectives
provide liquidity to securities mobilize savings for economic development protect interest of investors by ensuring full disclosures

Eligibility Criteria for Listing :

For Initial Public Offerings (IPOs) For Securities of Existing Companies

For Initial Public Offerings (IPOs)

Paid up Capital Conditions Precedent to Listing At least three years track record of either No disciplinary action by other stock exchanges and regulatory authorities in past three years Redressal Mechanism of Investor grievance

Cont.

Distribution of shareholding Details of Litigation Track Record of Directors of the Company

For Securities of Existing Companies

Paid up Capital & Market Capitalisation Conditions Precedent to Listing At least three years track record of either No Disciplinary action has been taken by other stock exchanges and regulatory authorities in the past three years

Redressal mechanism of Investor grievance

Cont. Distribution of shareholding Details of Litigation Track Record of Directors of the Company Change in Control of a Company/Utilisation of funds raised from public

Listing Procedure
Approval of Memorandum and Articles of Association Approval of draft prospectus Submission of Application Listing conditions and requirements

Approval of Memorandum

and Articles of Association

Rule 19(2) (a) of the Securities Contracts (Regulation) Rules, 1957 requires that the Articles of Association of the Issuer wanting to list its securities must contain provisions as given hereunder.

Approval of draft prospectus

The draft prospectus should have been prepared in accordance with the statutes, notifications, circulars, guidelines, etc. NSE will peruse the draft prospectus only from the point of view of checking whether the draft prospectus is in accordance with the listing requirements, and therefore any approval given by NSE,under any law,rules,notification,guideline,etc Issuer should also submit the SEBI The acknowledgment card or letter indicating observations on draft prospectus or letter of offer by SEBI.

Submission of Application
For Issuers listing on NSE for the first time
'A' - Clauses of Articles of Association.
'B'- Application Letter for Listing. 'C' - Listing Application providing pre-issue details of securities. 'D'- Checklist for supporting documents 'E' - Schedule of Distribution 'F'- Listing Agreement

Listing of further Issues by Issuers already listed on NSE

'E' - Schedule of Distribution 'G'- Application Letter for Listing of further issues. 'H' - Listing Application providing details of securities.

Listing Fees
PARTICULAR
Initial Listing Fees
AMOUNT(R s) 25,000

Annual Listing Fees

(based on paid up share, bond or debenture or debt capital etc.)
Upto Rs. 1 Crore Above Rs. 10 Crore and upto Rs.20 Crores Above Rs. 50 Crores and upto Rs.100 Crores Above Rs. 200 Crore and upto Rs.250 Crores Above Rs. 450 Crore and upto Rs.500 Crores 10,000 45,000 1,30,000 2,05,000 3,75,000

Security deposit
(for new & fresh issues and when NSE is the Regional Stock Exchange)

50% of the security deposit should be paid to the NSE in cash. The amount to be paid in cash is limited to Rs.3 crores.

Supporting Documents
Documents and Information
The documents and information prescribed in Appendix D or Appendix I, in addition any other documents and information which the Relevant Authority may require in any particular case

Distribution Schedules
Distribution Schedules duly completed in respect of each class and kind of security in the form prescribed in Appendix E

ADVANTAGE OF LISTING
Facilitator Buying & Selling Securities Assures Finance Enables borrowing Ensure Liquidity Offers wide publicity Protect Investors

DISADVANTAGES
Leads to Speculation Disclose Vital Information to Competitors Degrades Companys Reputation

Thank you