Regulatory amendments mandate execution of listing agreements with recognised stock exchanges, require issuers to deposit a specified security amount with exchanges refundable or forfeitable under Board rules, and impose prompt listing timelines with penal interest for delay and immediate refund obligations if listing permission is not received. Issuers must ensure rapid credit to demat accounts and simultaneous issuance of allotment communications; additional instrument-specific measures include IDR prerequisites for underlying share listing and pari-passu ranking, appointment and contractualisation of intermediaries, and enhanced ongoing disclosure and continuous listing conditions.
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