Listed and Unlisted....


This query is : Resolved 

13 October 2010 What are the different procedure under ICDR Regulations for issue of securities by Listed and Unlisted Co. ?

13 October 2010 Dear Mr. Suresh

The provisions of SEBI(ICDRS) Regulations, 2009 will apply only to listed company which have made agreement with stock exchanges and there shares are listed on stock exchanges.


If they are not listed on stock exchanges, the provisions of these Regulation will not apply to unlisted company.



Regards

13 October 2010 Respected Sir,
I M Confused after reading the Applicability of the regulations That---

These regulations shall apply to the following:
(a) a public issue;
(b) a rights issue, where the aggregate value of specified securities offered is fifty lakh rupees or more;
(c) a preferential issue;
(d) an issue of bonus shares by a listed issuer;
(e) a qualified institutions placement by a listed issuer;
(f) an issue of Indian Depository Receipts.

AND
Also sir in the definitional part....
“initial public offer” means an offer of specified securities by an unlisted issuer to the public for subscription and includes an offer for sale of specified securities to the public by any existing holders of such securities in an unlisted issuer.

13 October 2010 Hi


This definition indicate the company who are intended to issue share under IPO and for this purpose the company at that time is unlisted in nature.

Regards

06 December 2010 Thanks You sir......


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