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Requirements with respect to the listing of securities on a recognised stock exchange

1. It should be a public company as defined under the Companies Act, 1956

2. It should apply to the stock exchange where it wants to be listed along with the requisite fees and the following documents:

   a. Memorandum and articles of association in case of a debenture issue, a copy of the trust deed.
   b. Copies of all prospectuses or statements in lieu of prospectuses issued by the company at any time.
   c. Copies of offers for sale and circulars or advertisements offering any securities for subscription or sale during
       the last five years.
   d. Copies of balance sheets and audited accounts for the last five years, or in the case of new companies, for
       such shorter period for which accounts have been made up.
   e. A statement showing-

  • dividends & cash bonuses, if any, paid during the last ten years (or such shorter period as the company has been in existence, whether as a private or public company).
  • dividends or interest in arrears, if any.
   f. Certified copies of agreements or other documents relating to arrangements with or between:-
  • vendors and/or promoters,
  • underwriters and sub-underwriters,
  • brokers and sub-brokers.
   g. Certified copies of agreements with-
  • managing agents and secretaries and treasurers.
  • selling agents.
  • managing directors and technical directors.
  • general manager, sales manager, manager or secretary.
   h. Certified copy of every letter, report, balance sheet, valuation contract, court order or other document,
       part of which is reproduced or referred to in any prospectus, offer for sale.
   i. Circular or advertisement offering securities for subscription or sale, during the last five years.
   j. A statement containing particulars of the dates of and parties to all material contracts, agreements
      (including agreements for technical advice and collaboration), concessions and similar other documents
      (except those entered into in the ordinary course of business carried on or intended to be carried on by the
      company) together with a brief description of the terms, subject-matter and general nature of the
      documents.
   k. A brief history of the company since its incorporation giving details of its activities including any
       re-organisation, reconstruction or amalgamation, changes in its capital structure (authorised, issued and
       subscribed) and debenture borrowings, if any.
   l. Particulars of shares and debentures issued
  • for consideration other than cash, whether in whole or part,
  • at a premium or discount, or
  • in pursuance of an option.
   m. A statement containing particulars of any commission, brokerage, discount or other special terms including
       an option for the issue of any kind of the securities granted to any person.
   n. Certified copies of-
  • agreements, if any, with the Industrial Finance Corporation, Industrial Credit and Investment Corporation and similar bodies.
   o. Particulars of shares forfeited.
   p. A list of highest ten holders of each class or kind of securities of the company as on the date of application
      along with particulars as to the number of shares or debentures held by and the address of each such holder.
   q. Particulars of shares or debentures for which permission to deal is applied for: Provided that a recognised
       stock exchange may either generally by its bye-laws or in any particular case call for such further
       particulars or documents as it deems proper.

The eligibility criteria for different category of companies to list on the Stock Exchange and the listing fees have been given below (Both criteria and listing fees as pertaining to NSE)

Qualifications for Listing Initial Public offerings (IPOs) by Knowledge based Companies
Qualifications for Listing Securities of Existing Companies
Qualifications for Listing initial public offerings (IPOs)
Listing fees on NSE

Back to SEBI Guidelines for IPOs

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