Listing of specified securities of small and medium enterprises on the Institutional Trading Platform in a SME Exchange without making an initial public offer.
A public
company seeking listing on ITP should comply with the following
requirements:
(i)
the company, its promoter, group company or director does not appear in the wilful
defaulters list of Reserve Bank of India as maintained by Credit Information Bureau(India) Limited;
(ii)
there is no winding up petition against the company that has been admitted by a
competent court;
(iii)
the company, group companies or subsidiaries have not been referred to the Boardfor Industrial and Financial Reconstruction within a period of five years prior
to the date of application for listing;
(iv)
no regulatory action has been taken against the company, its promoter or director
by SEBI, Reserve Bank of India, Insurance Regulatory and Development Authority
or Ministry of Corporate Affairs within a period of five years prior to the
date of application for listing;
(v)
the company has atleast one full year’s audited financial statements, for the immediately
preceding financial year at the time of making listing application;
(vi) the company has
not completed a period of more than 10 years after
incorporation and its revenues
have not exceeded one hundred crore rupees in any of the previous financial
years; Read the Circular
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