Listing Agreement With Stock Exchange In Wayne
Description
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FAQ
The company should have annual revenue of not less than Rs. 10 crores and should have shown an annual growth of alteast 20% in the past one year. (Annual growth may in the form of number of users/revenue growth/customer base). The net-worth should be positive.
Companies can achieve NSE listing through two routes - an Initial Public Offering (IPO) or New Listing. An IPO involves a company offering shares to the public for the first time, while a New Listing occurs when a company listed on another exchange seeks inclusion on the NSE.
The basic document which is executed between the company and the stock exchange (when the shares of the company are listed on any stock exchange) is the listing agreement.
Clause 5A of the Equity Listing Agreement shall be amended to provide that the unclaimed shares issued in physical form shall be dealt in the manner similar to the unclaimed shares issued in demat form.
For the first time, SEBI, vide its circular dated 2nd May, 2001, directed stock exchanges to amend Clause 40A of the listing agreement to provide that the company shall maintain, on a continuous basis, the minimum level of non-promoter holding at the level of public shareholding as required at the time of listing.
Clause 35: Within 21 days from the end of every quarter, file the shareholding pattern of the company with the Stock Exchanges.
Clause 54 - To maintain functional website containing basic information about the company e.g. details of its business, financial information, shareholding pattern, etc., The Company also agrees to ensure that the contents of the said website are updated at any given point of time.
The basic document which is executed between the company and the stock exchange (when the shares of the company are listed on any stock exchange) is the listing agreement. It is like an employment contract in which the broker is hired to represent the principal, but no real property is transferred between the two.
The listing agreement is between the broker and the property owner. If the property owner dies, the listing agreement is cancelled. Process a listing cancellation and enter "Cancelled due to death of Seller" in Seller signature area. Remember to cancel the listing on MLS.