Applicability of cl 49 of the listing agmt

SkDash (CS (Member) CWA (Final))   (909 Points)

14 January 2014  

I got the below question and answer in CWA study material - 

Q- Clause 49 of the Listing Agreement is applicable to all listed companies which has a minimum paid up capital of - (a) 5 cr (b) 3 cr (c) 6 cr (d) 4 cr

Answer - (b) 3 cr

Is it true? I feel, clause 49 is applicable to all listed companies..Pl confirm.