Section 24 of The Companies Act, 2013
In-principle approval of recognized stock exchange(s).
28. (1) The listed entity, before issuing securities, from recognised stock exchange(s) in the following manner:
(a)where the securities are listed only on recognised stock exchange(s) having nationwide trading terminals, from all such stock exchange(s);
(b) where the securities are not listed on any recognised stock exchange having nationwide trading terminals, from all the stock exchange(s) in which the securities of the issuer are proposed to be listed;
(c)where the securities are listed on recognised stock exchange(s) having nationwide trading terminals as well as on the recognised stock exchange(s) not having nationwide trading terminals, from all recognised stock exchange(s) having nationwide trading terminals:
(2)The requirement of obtaining in-principle approval from recognised stock exchange(s), shall not be applicable for securities issued pursuant to the scheme of arrangement for which the listed entity has already obtained No-Objection Letter from recognised stock exchange(s) in accordance with regulation 37.
- Refer NSE Circular dated 10.04.2023 regarding the revised formats of Issue Summary Document (ISD) for Further Issues. To view the Circular, Click here.
- Refer NSE Circular dated 31.03.2023 regarding the introduction of Issue Summary Document (ISD) for Further Issues. To view the Circular, Click here.
- Extension vide SEBI Circular dated 26.03.2020 provided for implementation of circular on non-compliance with certain provisions of the SEBI LODR and the Standard Operating Procedure for suspension and revocation of trading of specified securities dated 22.01.2020. The revised implementation date is for compliance periods ending on or after June 30, 2020 from earlier date of March 31, 2020. To view the circular, Click Here.
- Refer SEBI Circular on non-compliance with certain provisions of the SEBI LODR and the Standard Operating Procedure for suspension and revocation of trading of specified securities dated 22.01.2020 to be implemented for compliance periods ending on or after March 31, 2020. To view the circular Click Here