| | BSE LISTING NORMS FOR COMPANIES LISTED ON OTHER STOCK EXCHANGE (S) The Governing Board of the Exchange at its meeting held on 16th November, 2000 had decided that with effect from 1st December, 2000 for companies listed on other Stock Exchange(s) and seeking listing at BSE, the threshold limit would be Rs. 3 crores of minimum issued equity capital and the following criteria would be applicable :
- Company should have profit making track record for at least three years.
- Minimum networth of Rs. 20 crores (networth includes Equity capital and free reserves excluding revaluation reserves).
- Minimum market capitalisation of the listed capital should be Rs.20 crores, based on average price of last six months.
- Number of days traded during last six complete months should be minimum 50% of the total trading days during the same six months on any stock exchange.
- Minimum Average volume traded per day during the last three complete months should be 1000 shares and minimum 5 trades per day.
- Minimum 25% of the company's issued capital should be with public (inclusive of bodies corporate) and minimum 15 shareholders per Rs.1 lakh of capital in the public category.
- The company should be agreeable to sign an agreement with CDSL & NSDL for demat trading etc.
Governing Board in its meeting held on the 18th January, 2001 has decided that, the criteria at para 1 above be amended and instead of atleast three years profit making track record the company should have profit making track record for last three years.
S.T.Gerela
CEO- Clg & Settlement January 23, 2001 | |
