BSE LISTING NORMS GET TOUGHER FROM JULY
Stricter Criteria (For companies suspended for over a year seeking to re-list)
- Issued and paid-up capital: Minimum paid up capital of Rs.10 crore or minimum net worth of Rs.50 crores (excluding Revaluation reserves) in 3 immediately preceding financial years. (Similar for companies seeking to migrate from Bombay Stock Exchange (BSEs). But will exclude revaluation reserves in 3 immediately preceding financial years).
- Profit making track record: Distributed profit in terms of Section 205 of Companies Act, 1956 for at least 3 out of 5 immediately preceding financial years based on audited financial results with the last financial year reporting profit (provided that extraordinary shall not be considered for calculating distributed profit).
- Number of public Shareholders: Minimum 500.