Minimum Listing Requirements on BgSE For new (Unlisted or already listed on other stock exchanges) Companies

1. Minimum paid up capital (Post Issue) should be Rs.3 Crores.

2. No disciplinary action by other stock exchanges and regulatory authorities in past three years. There shall be no material regulatory or disciplinary action by a stock exchange or regulatory authority in the past three years against the applicant company. In respect of promoters/promoting company (ies), group companies, companies promoted by the promoters/promoting company (ies) of the applicant company, there shall be no material regulatory or disciplinary action by a stock exchange or regulatory authority in the past one year.

3. Redressal Mechanism of Investor grievance

• The applicant’s arrangements envisaged are in place for servicing its investor.
• The applicant, promoters/promoting company (ies), group companies, companies promoted by the promoters/promoting company (ies) general approach and philosophy to the issue of investor service and protection
• Defaults in respect of payment of interest and/or principal to the debenture/bond/fixed deposit holders by the applicant, promoters/promoting company (ies), group companies, companies promoted by the promoters/promoting company (ies) shall also be considered while evaluating a company’s application for listing. The auditor’s certificate shall also be obtained in this regard. In case of defaults in such payments the securities of the applicant company may not be listed till such time it has cleared all pending obligations relating to the payment of interest and/or principal.

4. Distribution of shareholding

The applicant’s/promoting company(ies) shareholding pattern on March 31 of last three calendar years separately showing promoters and other groups’ shareholding pattern should be as per the regulatory requirements.

5. Track Record of Director(s) of the Company

In respect of the track record of the directors, relevant disclosures may be insisted upon in the offer document regarding the status of criminal cases filed or nature of the investigation being undertaken with regard to alleged commission of any offence by any of its directors and its effect on the business of the company, where all or any of the directors of issuer have or has been charge-sheeted with serious crimes like murder, rape, forgery, economic offences etc.

Minimum Requirements for Companies Delisted by BgSE seeking Re-listing
Reinstatement of de-listed securities can be allowed by this Exchange with a cooling period of two years viz., after lapse of two years from the date of de-listing of the securities on fulfilling respective norms/criteria prescribed for listing at the time of making the application for listing.

Minimum Requirements for Listing of New Shares by Way of Bonus, Rights issue, etc.
In compliance with clauses of Listing Agreement, the listed Companies are required to list new shares on Exchanges issued consequent to increase of share capital of the companies by way of Rights, Bonus, ESOPs, Mergers, Preferential basis, Further Public Offerings etc. Companies are required to comply with SEBI guidelines and have to satisfy listing or continuous listing obligations while issuing fresh capital.