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| NOTICES |
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| Notice No. |
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20200115-29 |
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Notice Date |
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15 Jan 2020 |
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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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Revised eligibility Criteria for Listing of Broking Companies on SME Platform |
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| Content |
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In continuation to Exchange Notice No. 20170428-8 dated April 28, 2017, Trading Members are requested to note the below mentioned revised eligibility criteria for an entity registered as Stock Broker with SEBI intending to list on BSE SME platform:
1. Net worth of minimum Rs. 15 crores with profit before tax of Rs. 5 crores in any 2 years out of 3 financial years. OR
having net worth of Rs. 25 Crores with profit in any 3 years out of 5 financial years. The Financial year should be for a period of 12 months. Extraordinary income will not be considered for the purpose of profits. (The Net worth will include equity, Preference Shares, reserves and Surplus).
2. The Net Tangible assets of at least Rs. 3 Crores as per the latest audited financial results.
3. Post issue paid up capital of the Broking Member should be minimum Rs. 3 crores.
In case of any further clarification on the subject matter of the notice, please contact:
Rupal Khandelwal
Senior Manager
January 15, 2020 |
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