Listing eligibility requires governance compliance and Board approval; exchanges cannot list their own or associate securities. Regulation 45 permits a recognised stock exchange to apply for listing on another recognised exchange only if it complies with ownership and governance requirements, has completed continuous trading operations immediately preceding the application, and has obtained Board approval. The Board may prescribe additional market-protective conditions including on transfer of shares. A recognised stock exchange may not list securities of its associates, and securities of a recognised clearing corporation are not eligible for listing on any stock exchange.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Listing eligibility requires governance compliance and Board approval; exchanges cannot list their own or associate securities.
Regulation 45 permits a recognised stock exchange to apply for listing on another recognised exchange only if it complies with ownership and governance requirements, has completed continuous trading operations immediately preceding the application, and has obtained Board approval. The Board may prescribe additional market-protective conditions including on transfer of shares. A recognised stock exchange may not list securities of its associates, and securities of a recognised clearing corporation are not eligible for listing on any stock exchange.
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