Listing eligibility restrictions: companies with negative net worth, public deposits, defaults, insolvency or certain company types barred from listing. Companies are ineligible for listing if they are section 8 or Nidhi companies, companies limited by guarantee with share capital, have outstanding public deposits, possess negative net worth (as defined in clause (57) of section 2 of the Act), or have defaulted on payments to banks, financial institutions, debenture holders or secured creditors unless the default was cured and two years have passed.
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 restrictions: companies with negative net worth, public deposits, defaults, insolvency or certain company types barred from listing.
Companies are ineligible for listing if they are section 8 or Nidhi companies, companies limited by guarantee with share capital, have outstanding public deposits, possess negative net worth (as defined in clause (57) of section 2 of the Act), or have defaulted on payments to banks, financial institutions, debenture holders or secured creditors unless the default was cured and two years have passed.
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