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| NOTICES |
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| Notice No. |
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20190109-10 |
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Notice Date |
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09 Jan 2019 |
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| Category |
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Company related |
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Segment |
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SME |
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| Subject |
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Amendment in Existing Eligibility criteria of Listing on SME Platform |
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| Content |
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In continuation to the Exchange’s notice no. 20180711-23 dated July 11, 2018, the eligibility criteria for listing in BSE SME platform has been amended as follows.
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Sr. No.
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Criteria
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Existing
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Revised Norms
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1
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Net Tangible Assets
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NA
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Rs. 3 crores
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2
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Track Record
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The company or the firm or the firm which have been converted into the company should have a combined track record of at least 3 years.
The company or the firm or the firm which have been converted into the company should have combined positive cash accruals (earnings before depreciation and tax) from operations for at least 2 financial years preceding the application and its net worth should be positive.
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· The company or the partnership/proprietorship/LLP firm or the firm which have been converted into the company should have a combined track record of at least 3 years.
Or
In case it has not completed its operation for three years then the Company/Partnership/Proprietorship/LLP should have been funded by way of loan/equity by Banks or Financial Institutions or Central or State Government or its undertaking, or its Group Company should have been listed for at least two years either on the Main Board or SME Board of the Nationwide Exchange.
- The Company or the entities or the entities which has been converted into the Company should have combined positive cash accruals (earnings before depreciation and tax) from operation and its net worth should be positive.
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All other norms (other than those revised as above) would remain unchanged. It may be noted that there will be no change in the existing guidelines for NBFC and Broking companies.
The above revised criteria would be applicable with effect from January 10, 2019.
In case of any further clarification you may contact the following Officers:
Girish Joshi Bhushan Mokashi
Chief General Manager Additional General Manager |
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