SME listing conditions impose standardized listing agreements, half yearly reporting, governance standards and a 25% public shareholding requirement. The Model SME Equity Listing Agreement requires issuers to enter a standardized listing contract for specified securities under Chapter XA, prescribing operational obligations on issuance, certificate handling, transfers, demat suspense accounts for unclaimed shares, timelines and compensation for transfer delays, and arbitration for disputes. It imposes half-yearly financial reporting and disclosure duties (including shareholding patterns, material events, and board decisions), corporate governance standards (board composition, audit committee, CEO/CFO certification), a minimum 25% public shareholding requirement with remedial measures, and fee, filing and dematerialisation obligations, with enforcement powers for non-compliance.
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.
SME listing conditions impose standardized listing agreements, half yearly reporting, governance standards and a 25% public shareholding requirement.
The Model SME Equity Listing Agreement requires issuers to enter a standardized listing contract for specified securities under Chapter XA, prescribing operational obligations on issuance, certificate handling, transfers, demat suspense accounts for unclaimed shares, timelines and compensation for transfer delays, and arbitration for disputes. It imposes half-yearly financial reporting and disclosure duties (including shareholding patterns, material events, and board decisions), corporate governance standards (board composition, audit committee, CEO/CFO certification), a minimum 25% public shareholding requirement with remedial measures, and fee, filing and dematerialisation obligations, with enforcement powers for non-compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
