Listing at BSE Presented by Gopalkrishnan Iyer27 March 2009 BOMBAY STOCK EXCHANGE LTD.
Admission of securities for dealings on the Exchange pursuant to execution of a listing agreement by a company with the Exchange Listing of Securities BOMBAY STOCK EXCHANGE LTD.
Whether listing of equity shares is mandatory for listed status of a company? No. Companies can seek listing of its Non-Convertible Debt instruments without listing its equity shares by complying with SEBI (Issue and Listing of Debt Securities) Regulations, 2008. NCDs may be issued either through IPO/ FPO or Private Placement. Listing of Securities BOMBAY STOCK EXCHANGE LTD.
Companies Act, 1956 Sec 73 – Application to the Exchange for permission to deal in securities Securities Contracts (Regulation) Act, 1956 Sec 21 – Execution of listing agreement mandatory for listing of securities Securities Contracts (Regulation) Rules, 1957 Rule 19(2)(b) – Quantum of issue for listing SEBI Guidelines and Regulations DIP Guidelines – Eligibility, Mode of issuance, Allotment etc of equity Regulations – Issue and listing of NCDs Rules, Bye-Laws, Regulations of BSE Eligibility norms for listing on the Exchange Applicable Provisions of Law BOMBAY STOCK EXCHANGE LTD.
Listing Process Application to BSE alongwith filing of offer document for • In-principle approval for listing of securities • Using the name of the Exchange in the offer document • Using the book building platform for offering securities BOMBAY STOCK EXCHANGE LTD.
Listing Process – BSE….contd BSE as a Designated Stock Exchange will be involved in • Collection of the 1% Security Deposit • Approving the Basis of Allotment • Final listing and trading approvals BOMBAY STOCK EXCHANGE LTD.
Listing of Securities (Issuance other than through IPOs) Further Public Offerings (FPO) Rights Issue Bonus Issue ADR/ GDR Preferential Issue Qualified Institutional Placements (QIP) Conversion of Instruments Amalgamation/ Demerger/ Scheme of Arrangement ESOPs Forfeiture of shares Listing of Securities BOMBAY STOCK EXCHANGE LTD.
BSE awaits …… • email@example.com • 98205 28849 BOMBAY STOCK EXCHANGE LTD.