01 December 2009
A company which has a listing agreement with BSE and whose shares are quoted at the BSE and which feature in the official list of quotations. Apart from paying regular listing fees, the company has to fulfil certain requirement, such as a minimum asset base, and publication of specific financial information, both at the time of listing and periodically thereafter. If, for failure to fulfil these obligations a company is desisted, its shares cannot be traded on the exchange and these become extremely difficult to trade.