In what circumstances company must be listed in stock exchange.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 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)
(114773 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
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
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