Sunday, January 25, 2015

18 more months for Listing of Stocks (listed exclusively on regional stock exchanges) on BSE/ NSE

Companies exclusively listed on  exiting stock exchanges to get time for listing on nation wide stock exchanges 
In light of stock exchanges exiting in terms of SEBI circular dated May 30, 2012, many of their exclusively listed companies have expressed concern that they are unable to get listed on nation wide stock exchanges due to shortage of time in complying with the listing norms of nation wide stock exchanges. Keeping in view their concerns and interest of shareholders of such companies, the Board decided to give time of eighteen months, within which such companies may obtain listing subject to compliance with the listing requirements of the nation wide stock exchanges and till such listing the shares of exclusively listed companies will remain on the dissemination board of nation wide stock exchanges.