In what circumstances company must be listed in stock exchange.
Listing of company
(Guest)
3 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114778 Points)
Replied 07 May 2009
No circumstances at all provided by companies act.
If a company go for public issue of shares through IPO (Initial Public Offer) and raise money from public at large then Listing of share is mandatory as desired by Section-73 along with filing of prospectus at the initial stage. Approval of prospectus by SEBI is mandatory b4 issuing shares to the public.
Study Section-73 of companies act, 1956
Ankur Garg
(Company Secretary and Compliance Officer)
(114778 Points)
Replied 08 May 2009
Plz do not confuse my friend.
Read section 68B as a separate section. Yes if IPO is more than 10 crore then it must be in demat form.
for IPO listing is must
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