Circular MRD/CIR/2020/4451 of the Securities and Exchange Board of India dated 17th October, 2020 on the listing of securities [C11-XRF]

MRD/CIR/2020/4451

Securities and Exchange Board of India

Mumbai, dated the 17th October, 2020

CIRCULAR

To

All adjudicating officers,

Subject: The listing of securities by listed companies under the Securities and Exchange Board of India Act, 1992, regarding.

In exercise of the powers conferred by section 9 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby issues the following

1. References have been received seeking clarification on the manner in which section 9 applies to the listing of securities by listed companies.

2. The matter has been examined. Every listed company carrying on the listing of securities shall make an application in Form B to the Securities Appellate Tribunal within thirty days, accompanied by a fee of five thousand rupees.

3. It is, accordingly, clarified that a separate application shall be made in respect of each place at which the listing of securities is undertaken, and the Securities Appellate Tribunal shall dispose of it within thirty days of its receipt.

4. Difficulties, if any, in the implementation of this circular may be brought to the notice of the Securities and Exchange Board of India.

(Chief General Manager)