National stock exchange equity listing agreement
NSE - LISTING AGREEMENT - PART-I. AND WHEREAS it is a requirement of the NSE that there must be filed with the application an agreement in terms hereinafter appearing, to qualify for the admission and continuance of the said securities upon the list of the NSE.
NOW THEREFORE in consideration of the NSE having agreed to list the said securities, the Issuer hereby covenants and agrees with the NSE as follows: The Issuer will issue, when so required, receipts in such forms as prescribed by the NSE, for all securities deposited with it whether for registration, sub-division, consolidation, renewal, exchange or for other purposes.
When documents are lodged for sub-division, consolidation or renewal through the clearing house of NSE, the Issuer agrees: The Issuer will, if so required by NSE, certify transfer against letters of allotment, certificates and balance receipts and in that event the Issuer will promptly make on transfers an endorsement to the following effect.
On production of the necessary documents by security holders or by members of NSE, the Issuer will make on transfer an endorsement to the effect that the Power of Attorney or Probate or Letters of Administration or Death Certificate or Certificate of the Controller of Estate Duty or similar other documents have been duly exhibited to and registered by the Issuer.
The Issuer agrees that it will not make any charge: The Issuer agrees that it will not charge any fees exceeding those, which may be agreed upon with NSE: The Issuer will promptly verify the signatures of shareholders on allotment letters, split, consolidation, renewal, transfer and any other temporary receipts and transfer deeds when so required by the shareholders or a member of NSE or by NSE Clearing House.
The Issuer agrees that it will entertain applications for registering transfers of its securities when: On lodgment of the proper documents, the Issuer agrees that it will register transfers of its securities in the name of the transferee except: The Company agrees that when proper documents are lodged for transfer and there are no material defects in the documents except minor difference in signature of the transferor s.
The company agrees that in respect of transfer of shares where the company has not effected transfer of shares within 1 month or where the company has failed to communicate to the transferee any valid objection to the transfer within the stipulated time period of 1 month, the company shall compensate the aggrieved party for the opportunity losses caused during the period of the delay. In addition, the company keeping in view the provisions of Section A of the Companies Act and Section 27 of the Securities Contracts Regulation Act,shall provide all benefits i.
The Issuer will promptly notify NSE of any attachment or prohibitory orders restraining the Issuer from transferring securities out of the names of the registered holders and furnish to NSE particulars of the numbers of securities so affected, the distinctive numbers of such securities and the names of the registered holders thereof.
If, in view of the volume of business in the listed securities of the Issuer, NSE so requires, the Issuer will arrange to maintain: The Issuer agrees that it will not close its transfer books on such days or when the transfer books are not to be closed, fix such date for the taking of a record of its shareholders or debenture holders as may be inconvenient to NSE for the purpose of settlement of transactions, of which due notice in advance shall have been given by NSE to the Issuer.
The Issuer agrees to close its transfer books for purposes of declaration of dividend or issue of right or bonus shares or issue of shares for conversion of debentures or of shares arising out of right attached to debentures or for such other purposes as the NSE may agree to or require and further agree to close its transfer books at least once a year at the time of the Annual General Meeting if they have not been otherwise closed at any time during the year and to give to NSE the notice in advance of at least forty-two days, or of as many days as NSE may from time to time reasonably prescribe, stating the dates of closure of its transfer books or, when the Transfer books are not to be closed, the date fixed for taking a record of its shareholders or debentureholders and specifying the purpose or purposes for which the transfer books are to be closed or the record is to be taken and to send copies of such notices to the other recognized stock exchanges in India, provided that such notice period be reduced from forty-two days to thirty days in respect of securities which are announced by Securities and Exchange Board of India from time to time to be compulsorily delivered in dematerialised form by all investors.
The Issuer further agrees to ensure that the time gap between two book closures and record dates would be atleast 30 days. The Issuer will accept for registration transfers that are lodged with the Issuer upto the date of closure of the transfer books or when the transfer books are not closed, up to the record date and save as provided in Clause 12 will register such transfers forthwith; and unless NSE agrees otherwise, the Issuer will defer, until the transfer books have reopened, registration of any transfer which may be received after the closure of the transfer books.
The Issuer will publish in a form approved by NSE such periodical interim statements of its working and earning as required by NSE, SEBI, or any statutory body or local authority or any body or authority acting under the authority or direction of the Central Government. The Issuer will give notice simultaneously to NSE in case the proposal for declaration of bonus is communicated to its Board of Directors as part of the agenda. No prior intimation is required about the Board Meeting in case the declaration of Bonus by the company is not on the agenda of the Board Meeting.
The Issuers are also required to send the information in the format which is given in Schedule IV by e-mail cmlist nse. The Issuer shall be required to give prior notice of at least 7 days to the stock exchanges about the Board meetings at which the proposal for Buy Back of Securities is to be considered.
The Issuer will, immediately after the meeting of its Board of Directors has been held to consider or decide the same, intimate to the Stock Exchanges where the company is listed, within 15 minutes of the closure of the board meeting by phone, fax, telegram, e-mail cmlist nse.
The Issuers are also required to send the information by e-mail in the format which is given in Schedule V. The Issuer shall be required to intimate the stock exchanges within 15 minutes of the closure of the Board Meetings about the decision on Buy Back of Securities. The Issuer will fix and notify NSE at least twenty-one days in advance of the date on and from which the dividend on shares, interest on debentures and bonds, and redemption amount of redeemable shares or of debentures and bonds will be payable and will issue simultaneously the dividend warrants, interest warrants and cheques for redemption money or redeemable shares or debentures and bonds, which shall be payable at par at such centers as may be agreed to between NSE and the Issuer and which shall be collected at par, with collection charges, if any, being borne by the Issuer, in any bank in the country at centers other than the centers agreed to between NSE and the Issuer, so as to reach the holders of shares, debentures or bonds on or before the date fixed for payment of dividend, interest on debentures or bonds or redemption money, as the case may be.
The Issuer agrees to obtain 'in-principle' approval for listing from the exchange before issuing further shares or securities. The Issuer also agrees to make an application to NSE for the listing of any new issue of shares or securities and of the provisional documents relating thereto.
In the event of the Issuer granting any options to purchase any shares of the Issuer, the Issuer will promptly notify NSE: Unless the terms of issue otherwise provide, the Issuer will not select any of its listed securities for redemption otherwise than pro rata or by lot and will promptly furnish to NSE any information requested in reference stock brokers rochester ny such redemption.
The Issuer will promptly notify NSE: The Issuer will not make any change in the form or nature of any of its securities that are listed on NSE or in the rights or privileges of the holders thereof without giving twenty-one days' prior notice to NSE of the proposed change and making an application for listing of the securities as changed if NSE shall so require. The Issuer will promptly notify NSE of any proposed change in the general character or nature of its business. The Issuer will forward to NSE promptly and without application: The Issuer will supply a copy of the complete and full Balance Sheet, Profit and Loss Account and the Directors' Report to each shareholder and upon application to any member of NSE.
Provided that, the company on receipt of request shall supply the complete and full Balance Sheet and Profit and Loss Account and Directors' report also to any shareholder residing in such household.
Listing_Agreement
Further, the company will supply abridged Balance Sheet to all the shareholders in the same household. The issuer will also give cash flow statement along with the Balance Sheet and Profit and Loss Account. The Cash Flow Statement will be prepared in accordance with the Accounting Standard on Cash Flow Statement AS-3 issued by the Institute of Chartered Accountants of India, and the Cash Flow Statement shall be presented only under the Indirect Method as given in AS The statement shall be issued under the authority of the Board and shall be signed on behalf of the Board of Directors in the manner provided for the authentication of Balance Sheet and Profit and Loss Account in Section of the Companies Act, Companies shall be mandatorily required to publish Consolidated Financial Statements in the annual report in addition to the individual financial statements.
Audit of Consolidated Financial Statements by the statutory auditors of the company and the filing of Consolidated Financial Statements audited by the statutory auditors of the real estate market in stockton ca with the stock exchanges shall be mandatory.
Companies shall be required to make disclosures in compliance with forex ipad trading Accounting Standard on "Related Party Disclosures" in the annual reports.
The Issuer agrees to make the following disclosure in the Annual Report: Issuers who change their name suggesting any new line of business including software business shall disclose the turnover and income etc from such new activities separately in the annual results.
Tsx rules stock options, which have changed their names after January 1, or change, the name hereafter shall make such disclosures and shall continue to make these disclosures for a period of 3 years from the date of change in the name.
The Issuer will forward to NSE copies of all notices sent to its shareholders with respect to amendments to its Memorandum and Articles of Association and will file with NSE six copies one of which will be certified of such amendments as soon as they shall have been adopted by the Issuer in general meeting. The company agrees to file with the Exchange the shareholding pattern on a quarterly basis within 15 days of end of the quarter in the following form: Distribution of Shareholding As on quarter ending No of shares Biggest forex broker uk. Persons acting in Concert.
Mutual Funds and UTI. Td ameritrade options fees other please specify.
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The promoters' holding shall include all entities in the promoters' group - individual or body corporates. Total foreign shareholding in number of shares and percentage shareholding be given chris moneymaker funny farm footnote including GDR and ADR holdings.
The company shall also post this information on its web site. Apart from complying with all specific requirements as above, the Issuer will intimate to the Stock Exchanges, where the company is listed immediately of events such as strikes, lock outs, closure on account of power cuts, etc.
In addition, the Issuer will furnish to NSE on request such information concerning forex momentum indicator strategy Issuer as the NSE may reasonably require. The material events may be event such as: Change in the general character or nature of business.
Without prejudice to the generality of Clause 29 of the Listing Agreement the Issuer will promptly notify the Exchange of any write an application urgent piece of work at home change in the general character or nature of its business where such change is brought about by the Issuer entering into or proposing to enter into any arrangement for technical, manufacturing, marketing or financial tie-up or by reason of the Georgia cattle auction results, selling or disposing of or agreeing to sell or dispose of any unit or division or by the Issuer, enlarging, restricting or certified stock broker the operations of any unit or division or proposing to enlarge, restrict or close largest livestock market in uk operations of any unit or division or otherwise.
Disruption of operations due to natural calamity. The issuer will promptly after the event inform the Exchange of the developments with respect to any dispute in conciliation proceedings, litigation, assessment, adjudication or arbitration to which it is a party or the outcome of which can reasonably be expected to have a material impact on its present or future operations or its profitability or financials. The Issuer will promptly notify the Exchange, the details of any rating or revision in rating assigned to any debt or equity instrument of the Issuer or to any fixed deposit programme or national stock exchange equity listing agreement any scheme or proposal of the Issuer involving mobilisation of funds whether in India or abroad provided the rating so madison livestock market florida has been quoted, referred to, reported, relied upon or otherwise used by or on behalf of the Issuer.
The above information should be made public immediately. The Issuer agrees to permit NSE to make available immediately to its members and to the Press any information supplied by the Issuer in compliance with any of the listing requirements provided that in cases where it is contended that such disclosure might be detrimental to the Issuer's interest a special submission to that effect may be made for the consideration of NSE when furnishing the information.
The Issuer agrees that as soon as its Securities are listed on NSE, it will pay to the NSE an initial listing fee as prescribed in Schedule III annexed hereto and made a part thereof, and that thereafter, so long as the Securities continue to be listed on NSE, it will pay to NSE on or foreign currency brokers April 30, in each year an Annual Listing Fee computed on the basis of the capital of the Issuer as on March 31 and worked out as provided in Schedule III annexed hereto and made a part thereof.
The Issuer highpoint shopping centre opening hours melbourne cup day agrees that it shall pay the additional Annual Listing Fee, at the time of making application for listing of Securities arising out of further issue, as is computed in terms of Schedule III annexed hereto and made a part thereof for any addition in the capital after March The Issuer agrees that in the event of application for listing being granted in pursuance of this agreement shall be subject to the Rules, Bye-laws and Regulations of NSE in regard to listing of securities which now are or hereafter may be in force.
As a pre-condition for continued listing the Issuer further undertakes to forthwith comply with such future conditions as may be stipulated by NSE from time to time as conditions and requirements for listing of securities. The issuer shall not make a rights issue, where how much will robert guerrero make fighting mayweather aggregate value of the securities, including premium, if any, exceeds Rs.
Substantial Acquisition of Securities. The issuer agrees that in the event of the application for listing being granted by the Exchange, the issuer shall maintain on a continuous basis, the minimum level of non-promoter holding at the level of public shareholding as required at the time to listing.
In case the company fails to do so it shall buy back the public share holding in the manner provided in the SEBI Substantial Acquisition of Shares and Takeovers Regulations The company agrees that it shall not make preferential allotment or an offer to buy back its securities, if such allotment or offer result in reducing the non-promoter holding below the limit of public shareholding specified under the SEBI Disclosure and Investor Protection Guidelines, as applicable at the time of initial listing or the limit specified in sub-clause ii for the existing listed company, as the case may be.
The conditions stipulated in sub-clauses iii and iii shall not apply to the companies referred to BIFR. The company agrees that the following shall also be the condition for continued listing. A company agrees that it is a condition for continued listing that whenever the take-over offer is made or there is any change in the control of the management of the company, the person who secures the control of the management of the company and the company whose shares have been acquired shall comply with the relevant provisions of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, Company agrees that it will furnish unaudited financial results on a quarterly basis with effect from the Quarter ending on March 31, in the following pro-forma within one month from the end of quarter Quarter means 3 months only to the Stock Exchange and will make an announcement to the stock exchanges, where the company is listed, within 15 minutes of the closure of the Board Meeting or Meeting of a Sub-Committee of Board of Directors consisting of not less than one third of the Directorsin which the unaudited financial results are placed and also within 48 hours of the conclusion of the Board or its sub committee Meeting in at least one English daily newspaper circulating in the whole or substantially the whole of India and in one newspaper published in the language of the region, where the registered office of the Company is situated.
The company shall inform the Stock Exchange where its securities are listed about the date of the board Meeting at least 7 days in advance and shall also issue immediately a press release in at least one national newspaper and one regional language newspaper about the date of aforesaid Board or its Sub Committee Meeting. Companies shall be required to furnish segment wise revenue, results and capital employed along with the quarterly un-audited financial results with effect from the quarters ending on or after September 30, as per the format given below.
Format for Reporting of Segment wise Revenue, Results and Capital Employed. Corresponding 3 months in the previous year 2. Year to Date Figures For current Period 3. Year to date Figures for the previous year 4. Previous Accounting Year 5. Total Profit Before Tax. Capital Employed Segment assets - Segment Liabilities a Segment - A b Segment - B c Segment - C d Others. Segment Revenue, Segment Results, Segment assets and Segment liabilities shall have the same meaning as defined in the Accounting Standards on Segment Reporting AS issued by ICAI.
The above information shall be furnished for each of the reportable primary segments as identified in accordance with AS, issued by ICAI. For the quarters ending upto September 30,reporting of figures for the previous year under column 2, 4 and 5 is not mandatory.
Accounting for Taxes on Income: Companies shall be required to comply with the accounting standard on "Accounting for Taxes on Income" in respect of the quarterly un-audited financial results with effect from the quarters ending on or after September 30, Companies shall have the option to publish consolidated quarterly financial results in addition to the un-audited quarterly financial results of the parent company as currently required under the Clause 41 of the Listing Agreement.
The unaudited results should not substantially differ from the audited results of the company.
NSE - National Stock Exchange of India Ltd.
If the sum total of the First, Second, Third and Fourth quarterly unaudited results in respect of any item given in the same pro-forma varies by 20 per cent when compared with the audited results for the full year the company shall explain the reasons to the Stock Exchanges.
In addition, the Company, shall prepare the half yearly results in the same pro-forma with effect from half year ending on March 31, and the same shall be approved by the Board of Directors and subjected to a "Limited Review" by the Auditors of the Company and a copy of the Review Report shall be submitted to the Stock Exchanges within 2 months after the close of the half year.
For the purpose of this Review half year shall be construed as consisting of the first two quarters of the Company's Financial Year. The Review Report shall be in the following format: Name of the Company for the period ended This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. A review of interim financial information consists principally of applying analytical procedures for financial data and making inquiries of persons responsible for financial and accounting matters.
It is substantially less in scope than an audit conducted in accordance with the generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion. Based on our review conducted as above, nothing has come to our notice that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement.
The Company shall have an option to publish audited half yearly financial results within two months instead of publishing un-audited results within one month followed by a Limited Review within two months. The companies which opt to publish audited results for the entire year within 3 months instead of publishing un-audited results for the last quarter within 30 days shall be required to publish annual audited results in the format specified in Annexure I.
Change in the general character or nature of business Without prejudice to the generality of Clause 29 of the Listing Agreement the Issuer will promptly notify the Exchange of any material change in the general character or nature of its business where such change is brought about by the Issuer entering into or proposing to enter into any arrangement for technical, manufacturing, marketing or financial tie-up or by reason of the Issuer, selling or disposing of or agreeing to sell or dispose of any unit or division or by the Issuer, enlarging, restricting or closing the operations of any unit or division or proposing to enlarge, restrict or close the operations of any unit or division or otherwise.
Revision in Ratings The Issuer will promptly notify the Exchange, the details of any rating or revision in rating assigned to any debt or equity instrument of the Issuer or to any fixed deposit programme or to any scheme or proposal of the Issuer involving mobilisation of funds whether in India or abroad provided the rating so assigned has been quoted, referred to, reported, relied upon or otherwise used by or on behalf of the Issuer.
Issue of any class of securities. Acquisition, merger, de-merger, amalgamation, restructuring, scheme of arrangement, spin off of setting divisions of the company, etc. Change in market lot of the company's shares, sub-division of equity shares of the company.
Voluntary delisting by the company from the stock exchange s. Information regarding opening, closing of status of ADR, GDR or any other class of securities to be issued abroad. The Issuer also agrees that it shall pay the additional Annual Listing Fee, at the time of making application for listing of Securities arising out of further issue, as is computed in terms of Schedule III annexed hereto and made a part thereof for any addition in the capital after March 31 1.
Substantial Acquisition of Securities 1. Take Over Offer A company agrees that it is a condition for continued listing that whenever the take-over offer is made or there is any change in the control of the management of the company, the person who secures the control of the management of the company and the company whose shares have been acquired shall comply with the relevant provisions of the SEBI Substantial Acquisition of Shares and Takeovers Regulations, Segment Reporting Companies shall be required to furnish segment wise revenue, results and capital employed along with the quarterly un-audited financial results with effect from the quarters ending on or after September 30, as per the format given below.