Monday, 20 April 2015

SEBI has given a time period of 18 months to exclusively listed companies of de-recognised / non operational / exited stock exchanges to obtain listing on nation-wide stock exchanges (NSE or BSE).

SEBI said that, for the purpose of direct listing, the exclusively listed companies which were filing returns for the last two financial years with their respective RoCs would be treated as a compliant company.
It also stipulated that the requirement of NOC or any other documents from non-operational / exited stock exchanges would not be insisted upon by the nation-wide exchange, which is providing the listing platform.
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