Applicability of cl 49 of the listing agmt

MCA 385 views 1 replies

SkDash

CS (Member) CWA (Final)

909 Points Joined February 2009

I got the below question and answer in CWA study material -

Q- Clause 49 of the Listing Agreement is applicable to all listed companies which has a minimum paid up capital of - (a) 5 cr (b) 3 cr (c) 6 cr (d) 4 cr

Answer - (b) 3 cr

Is it true? I feel, clause 49 is applicable to all listed companies..Pl confirm.

Replies (1)

CS Arjun Rajagopal

B.com ACS

1056 Points Joined August 2011

Yes it's absolutely correct. Clasuse 49 is applicable for all listed companies having PUC of Rs.3 Cr and above or Net Worth of Rs.25 Cr and above effective from April 1, 2005 onwards.