Listed companies

Listed companies are public companies whose shares are listed on a recognized stock exchange for public trading. When a company’s security is listed on a recognized stock exchange the price fluctuation can easily be observed by the investor and he/she can easily determine the increase/decrease in the value of their investment in a concerned listed company.

listed company india

What is Meant by Listed?

‘Listed’ means to be included and traded on a given stock or commodity exchange. Many exchanges have precise criteria that companies must meet to stay listed.

In India, companies must go for an initial public offer (IPO) to be listed on a stock exchange, such as the National Stock Exchange (NSE). The second best-known stock exchange in India is the Bombay Stock Exchange (BSE).

What are the Benefits of Getting Listed?

A Prime Marketplace- The sheer volume of trading activity ensures the exchange’s impact cost is lower, which, in turn, reduces the investor’s trading cost. The automated trading system of NSE provides accuracy and clarity in trade matching, which enhances the trust and visibility of our market to investors.

Visibility- The trading network offers an unprecedented amount of knowledge about trade and post-trade. On the trading page, the best five buy and sell orders are shown, and the total number of shares available for purchase and sale is also shown. This allows the investor to know the market size. Additionally, company reports, performance, corporate activities, etc. are available on the trading system.

Unprecedented success- NSE provides a trading platform, extending across the country’s length and breadth. Investors from 191 centres can use the NSE Trading Network’s trading facilities. The exchange makes use of the latest communications technology to provide instant access from any location.

What are the Criteria for Getting Listed?

A) The applicant’s paid-up equity capital is not less than Rs.10 crores, and the applicant’s equity capitalisation is not less than Rs.25 crores.

Notes: – An account shall be taken of the post issue of paid-up equity capital for which listing is sought. – Capitalisation is the product of the issue price and the post issue number of equity shares.

B) The issuer shall adhere to the conditions preceding the listing of any rules and regulations arising from the inter-alia Securities Contracts (Regulations) Act 1956, Companies Act 1956, Securities and Exchange Board of India Act 1992, as well as any circulars, clarifications, and guidelines issued by the relevant authority under the statutes above.

C) Track record should be at least three years in one of the following: i. The applicant wanting to get listed

ii. Promoters or the promoting company whether or not incorporated in India

iii. Partnership business and eventually converted to a Corporation (not in operation for three years as a company) and sought to list.

The subsequently formed company would be eligible for listing, only if conditions are fulfilled.

Note: Promoters mean one or more individuals with a minimum of 3 years of experience in the same business line and hold at least 20% of the post-issue equity capital individually or separately.

D) The applicant interested in getting listed should satisfy the following additional conditions:

i. There must not be any disciplinary action by other stock exchanges and regulatory authorities in the last three years.

ii. A redressal mechanism for investor grievance must be in place.

FAQs

What are the compliance requirements for listed companies in India?

Listed companies in India are required to comply with various regulations and disclosure norms mandated by SEBI. These include periodic financial reporting (quarterly and annual), corporate governance norms, compliance with listing agreements, disclosure of material events, insider trading regulations, and adherence to the Companies Act, 2013.

How are listed companies in India governed?

Listed companies in India are governed by their board of directors, which is responsible for strategic decision-making and overseeing the company’s operations. Corporate governance guidelines, including the composition of the board, roles of directors, and audit committee requirements, are mandated by SEBI and the Companies Act, 2013, to ensure transparency and accountability.

How can investors access information about listed companies in India?

Investors can access information about listed companies in India through various channels, including the company’s website, stock exchange portals, SEBI’s website, annual reports, quarterly financial statements, analyst reports, and investor presentations. Additionally, SEBI mandates timely disclosure of material information through stock exchange filings to ensure transparency for investors.

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