and Paid up capital and net worth requirement
Capital requirement Rs. 1 crore
Net worth Rs. 3 crores.
||Profit making track record
||Distributable profits in terms of Section 123 of Companies Act, 2013 for at least 1 out of 2 immediately preceding financial years based on audited financial results.
Provided further that the total period of latest 2 Financial Years should comprise a period of at least 24 months.
Provided that extraordinary income shall not be considered for calculating distributable profit.
||Listing track record
||Companies should have been exclusively listed on stock exchanges seeking de-recognition and /or exit or de-recognized stock exchanges
||Public Shareholding should be meeting with the requirements of SCRA, SCRR and Listing Agreement (Clause 40A)
If the company is not compliant with clause 40A of the listing agreement at time of applying for direct listing, the company shall submit an Undertaking from Managing Director/ Company Secretary, that the company shall comply with the clause 40A of the listing agreement as per the extant regulations and timelines stipulated
of public shareholders
with both the depositories
company must enter into an agreement with both the depositories.
in Compulsory Demat
should have minimum 50% of Public Share holding in dematerialised
mode and 100% of Promoters’ Share holding in demat mode,
else company can commence trading ONLY in Trade-for-Trade
basis until they so comply.
Memorandum as provided in Schedule II of Companies Act, 1956
to the extent applicable, as certified by the Company Secretary/
MD of the Company.
companies that have approached for listing are denied listing
for any reason whatsoever, they may reapply for listing
after a minimum period of 6 months. If rejected a second
time, the company would not be eligible to apply again.
company shall submit a confirmation/proof from the de-recognized
a. Entire issued capital of the company is listed on the de-recognized
b. No Investor complaints should be pending against the company
(‘NIL’ score in SCORES).
c. The securities proposed to be listed are not under suspension
from MD & Company Secretary
shall not have been de-listed at anytime under delisting regulation
Status by Company
company shall furnish the compliance status with the critical
clauses of the listing agreement viz. Clauses 15, 16, 31,
35, 40a, 41, 47, 49, 54 and Sec Audit, filings under SEBI
regulations/ circulars, SCRA and SCRR for the last 1 year.
This should also be displayed on the company’s website.
The Exchange will also display this information on its website,
as is presently being done for all listed companies.
against company/ promoters/ promoter group entities/ directors
the company or the promoters or the Directors have been debarred
or disciplinary action has been taken against them by SEBI,
then a period of at least 3 years should have elapsed since
the expiry of the debarment period/disciplinary action.
to BIFR or winding up
should not be under BIFR and no winding up order should
have been passed against the company, at the time of application
company shall have its own website in compliance with Clause
54 of the Listing Agreement containing information about
products, management team, annual reports for last one financial
years, shareholding pattern, quarterly results, report on
corporate governance, code of conduct, name of the company
secretary & compliance officer and contact details,
RTA - name and contact details.
should have obtained NIL SCORES authentication from SEBI.
visit will be mandatorily conducted by Exchange official(s)
and report submitted.