Conditional listing permission prohibited under company law; stock exchanges must issue only final, unqualified listing decisions. The circular directs that the Companies Act provision governing listing contemplates a definitive decision to grant or refuse listing and does not provide for qualified or conditional listings; stock exchanges are therefore instructed to desist from issuing conditional listing permissions and to apply a final, unqualified decision-making approach when processing listing applications.
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.
Conditional listing permission prohibited under company law; stock exchanges must issue only final, unqualified listing decisions.
The circular directs that the Companies Act provision governing listing contemplates a definitive decision to grant or refuse listing and does not provide for qualified or conditional listings; stock exchanges are therefore instructed to desist from issuing conditional listing permissions and to apply a final, unqualified decision-making approach when processing listing applications.
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