Prabeer (B. COM (H) CA & CS Final) (5484 Points)
16 December 2008Is it necessary (essential) for a Public Limited Company to list its shares in any Stock Exchange ???
Please provide the section which explains the above query.
CA. Rajeev Aggarwal
(Chartered Accountant)
(3424 Points)
Replied 16 December 2008
Yes, it is liable to FBT under section 115WB(2)(G)
CS Arpita Rajpurohit
(Company Secretary)
(1111 Points)
Replied 16 December 2008
no it is not mandatory.........listing is at the option of the company.
no section under companies act specific ally mentions this.
salma
(lawyer)
(41 Points)
Replied 17 December 2008
a public company can be unlisted... example: a closely held company.
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 17 December 2008
IF a Public limited Co invites public for subscripttion, then it has to compulsory make an application for listing
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