BSE Listing Agreement, Part I (India) by OLL
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BSE LISTING AGREEMENT - PART - I
Listing Agreement
Agreement made this day of ________________
By _____________________ a Company duly formed and registered under the Indian Companies Act and having its Registered Office in (hereinafter called "the Company") WITH THE STOCK EXCHANGE OF MUMBAI (hereinafter called "the Exchange")
Witnesses
WHEREAS the Company has filed with the Exchange an application for listing its securities more particularly described in Schedule I annexed hereto and made a part hereof
AND WHEREAS it is a requirement of the Exchange that there must be filed with the application an agreement in terms hereinafter appearing to qualify for the admission and continuance of the said securities upon the list of the Exchange
NOW THEREFORE in consideration of the Exchange listing the said securities the Company hereby covenants and agrees with the Exchange as follows:
1. The Company agrees:
a. that Letters of Allotment will be issued simultaneously and that in the event of its being impossible to issue Letters of Regret at the same time a notice to that effect will be inserted in the press so that it will appear on the morning after the Letters of Allotment have been posted;
b. that Letters of Right will be issued simultaneously;
c. that Letters of Allotment, Acceptance or Right will be serially numbered, printed on good quality paper and examined and signed by a responsible officer of the Company and that whenever possible they will contain the distinctive numbers of the securities to which they relate;
d. that Letters of Allotment and renounceable Letters of Right will contain a provision for splitting and that when so required by the Exchange the form of renunciation will be printed on the back of or attached to the Letters of Allotment and Letters of Right;
e. that Letters of Allotment and Letters of Rights will state how the next payment of interest or dividend on the securities will be calculated.
2. The Company will issue, when so required, receipts for all the securities deposited with it whether for registration, sub-division, consolidation, renewal, exchange or for other purposes.
3. The Company agrees:
a. to have on hand at all times a sufficient supply of certificates to meet the demands for transfer, sub-division, consolidation and renewal;
b. to issue certificates or Pucca Receipts within one month of the date of the expiration of any Right to Renunciation;
c. to issue certificates within one month of the date of lodgment for transfer, sub-division, consolidation, renewal, exchange or endorsement of calls/allotment monies or to issue within fifteen days of such lodgment for transfer Pucca Transfer Receipts in denominations corresponding to the market units of trading autographically signed by a responsible official of the Company and bearing an endorsement that the transfer has been duly approved by the Directors or that no such approval is necessary;
d. to issue without charge Balance Certificates, within one month, if so required;
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This document is a formal agreement between a company and the Stock Exchange of Mumbai for the listing and trading of securities. It outlines the company's obligations regarding share certificates, dividend declarations, financial disclosures, and the reporting of material events to the exchange.
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About this template
What is this template?
This is a regulatory contract between a public company and the Mumbai Stock Exchange. It is not a simple share purchase agreement; it defines the ongoing compliance and disclosure obligations a company must meet to maintain its listed status. It contains specific Indian accounting standards (AS-3, AS-17) and SEBI regulatory requirements.
When should you use it?
Use this when a company has filed an application for listing securities on the BSE and must qualify for admission. Use the SEBI (LODR) Regulations 2015 as the modern equivalent, as this specific Part I format is based on earlier regulatory frameworks.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 3 | Issue of Certificates and Receipts | Obliges the Company to issue certificates or Pucca Receipts within one month of lodgment for transfer or expiration of renunciation rights. |
| 12 | Registration of Transfers | Requires the Company to register transfers unless statutory prohibitions apply or the Directors reject the transferee in exceptional circumstances. |
| 16 | Closure of Transfer Books | Mandates closing transfer books for dividends or rights issues with at least forty-two days advance notice to the Exchange. |
| 19 | Prior Intimation of Board Meetings | Requires 7 days advance notice to the Exchange for meetings considering buy-backs, dividends, or convertible debenture issues. |
| 36 | Disclosure of Material Events | Obliges the Company to immediately notify the Exchange of strikes, natural calamities, or litigation having a material financial impact. |
| 41 | Financial Results | Requires filing unaudited quarterly financial results within one month of the quarter's end and publishing them in English and regional newspapers. |
Who it's for
- an Indian company seeking to admit and continue listing its securities on the Stock Exchange of Mumbai
How long it runs and how it's signed
Law it's drafted under
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