issue of shares

This query is : Resolved 

18 June 2011 can there be an enterprise which is not a company but whose shares are enlisted in a recognised stock exchange.example- levle 1 enterprise.(came to know this from the applicability of accounting standard.

18 June 2011 Listing means admission of securities to dealings on a recognised stock exchange. The securities may be of any public limited company, Central or State Government, quasi governmental and other financial institutions/corporations, municipalities, etc.

The objectives of listing are mainly to :

provide liquidity to securities;
mobilize savings for economic development;
protect interest of investors by ensuring full disclosures.
The Bombay Stock Exchange (BSE) has a dedicated Listing Department to grant approval for listing of securities of companies in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956, Securities Contracts (Regulation) Rules, 1957, Companies Act, 1956, Guidelines issued by SEBI and Rules, Bye-laws and Regulations of BSE.

BSE has set various guidelines and forms that need to be adhered to and submitted by the companies. These guidelines will help companies to expedite the fulfillment of the various formalities and disclosure requirements that are required at various stages of

Public Issues
Initial Public Offering
Further Public Offering
Preferential Issues
Indian Depository Receipts
Amalgamation
Qualified Institutions Placements

19 June 2011 For listing shares it is only the Public Limited companies which have collected the money from the public in Public offer. If the company is only limited company those companies are also not permitted get their shares listed in any of the Stock Exchanges in the country.

As regards government securities the same law applies and govt. also collect the money by public offer.




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