Listing migration for companies of de-recognized exchanges allowed a time-limited window to secure nationwide exchange listing with conditions. Exclusively listed companies of de-recognized or non-operational stock exchanges are permitted an eighteen-month period to obtain listing on a nationwide stock exchange subject to conditions: listing limited to previously listed classes of securities; no material change in shareholding indicating change of control; waiver of NOC where the company filed returns with the Registrar of Companies for the prior two financial years provided the company submits independent professional compliance certification and the nationwide exchange verifies compliance. Such companies remain on Dissemination Boards until listed and nationwide exchanges must process applications via a dedicated cell within two months.
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 migration for companies of de-recognized exchanges allowed a time-limited window to secure nationwide exchange listing with conditions.
Exclusively listed companies of de-recognized or non-operational stock exchanges are permitted an eighteen-month period to obtain listing on a nationwide stock exchange subject to conditions: listing limited to previously listed classes of securities; no material change in shareholding indicating change of control; waiver of NOC where the company filed returns with the Registrar of Companies for the prior two financial years provided the company submits independent professional compliance certification and the nationwide exchange verifies compliance. Such companies remain on Dissemination Boards until listed and nationwide exchanges must process applications via a dedicated cell within two months.
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