|
| You are here : Listing > Other Requirements |
|
|
|
 No Disciplinary action has been taken by other stock exchanges and regulatory authorities in the past three years |
|
|
promoted by the promoters/promoting company (ies) of the applicant company, there shall be no material regulatory or disciplinary action by a stock exchange or regulatory authority in the past one year.
|
|
|
| Redressal mechanism of Investor grievance |
|
The points of consideration are :
- The applicant, promoters/promoting company(ies), group companies, companies promoted by the promoters/promoting company(ies) track record in redressal of investor grievances
- The applicant’s arrangements envisaged are in place for servicing its investor
- The applicant, promoters/promoting company(ies), group companies, companies promoted by the promoters/promoting company(ies) general approach and philosophy to the issue of investor service and protection
- defaults in respect of payment of interest and/or principal to the debenture/bond/fixed deposit holders by the applicant, promoters/promoting company(ies), group companies, companies promoted by the promoters/promoting company(ies) shall also be considered while evaluating a company’s application for listing. The auditor’s certificate shall also be obtained in this regard. In case of defaults in such payments, the securities of the applicant company may not be listed till such time it has cleared all pending obligations relating to the payment of interest and/or principal.
|
|
|
| Distribution of shareholding |
|
|
pattern on March 31 of preceding three years separately showing promoters and other groups’ shareholding pattern should be as per the regulatory requirements
|
|
|
| Details of Litigation |
|
|
The applicant, promoters/promoting company(ies), group companies, companies promoted by the promoters/promoting company(ies) litigation record, the nature of litigation, status of litigation during the preceding three years need to be clarified to the exchange.
|
|
|
| Track Record of Director(s) of the Company |
|
|
offence by any of its directors and its effect on the business of the company, where all or any of the directors of issuer have or has been charge-sheeted with serious crimes like murder, rape, forgery, economic offences etc.
|
|
|
| Change in Control of a Company/Utilisation of funds raised from public |
|
|
In the event of new promoters taking over listed companies which results in change in management and/or companies utilising the funds raised through public issue for the purposes other than those mentioned in the offer document,such companies shall make additional disclosures (as required by the Exchange) with regard to change in control of a company and utilisation of funds raised from public.
|
|
|
| Note |
|
|
Where an unlisted company merges with a company listed on other stock exchanges and the merged entity seeks listing on the ISE,
the Exchange may grant listing to the merged entity only if the listed company (prior to the merger with the unlisted company)
meets all the criteria for listing on its own account or the unlisted company meets the requirements for listing on the Exchange,
except for the market capitalisation condition, on its own account. In case either of the above conditions are not met then such
company may be considered for listing after a minimum period of 18 months or after the publication of two annual reports whichever
is later, provided it satisfies the criteria at that point of time.
|
|
|