saurabh gupta (31 Points)
16 May 2020
Asha Kanta Sharma
(Manager - Finance & Accounts)
(19072 Points)
Replied 16 May 2020
Harish choursiya
(Student cs professional )
(249 Points)
Replied 17 May 2020
listed entities means an entity whose any of its security is listed on the stock exchange platform whether it is main Board or SME exchange.
In most of the cases only public limited company takes steps to list their security and even the size of the Company also matter.
Once the company's security whether equity or debt has listed, the plethora of laws applicable on this in Form of disclosure and prior intimation etc as overall all concerned SEBI regulation needs to comply.
in your case the security(equity) of Private company can not be offer to public at large because section 2(68) of the Companies Act, 2013 prohibit to offer or invite the public to subscribe the security
so another way out for issuing and listing of debt security of the private company this can be happen.
For this transaction company needs to comply sebi(issue and listing of debt securities) regulation, 2008.
Harish choursiya
(Student cs professional )
(249 Points)
Replied 17 May 2020
As per the latest announcement for tagging the listed entity whose only non convertible debt securities are listed or proposed to Listed that company would not be considered as listed company for the purpose of section 2(52). of the Companies Act, 2013
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