The document discusses the listing process for a public limited company to have its securities traded on a recognized stock exchange. It involves meeting minimum capital requirements, submitting required documents and information to the stock exchange, and paying listing fees depending on the company's issued capital amount. Key steps include obtaining stock exchange approval of the company's articles of association and draft prospectus, applying for listing with supporting documents, and executing a listing agreement regarding disclosure of financial information. Listing provides companies benefits like liquidity, transparency, and tax savings but also regulatory obligations.

2. Introduction
 Listing refers to the admission of security of a public
limited company on a recognized stock exchange for
trading.
 Listing of securities offered to public becomes
compulsory

3. Merits of listing
Liquidity
Best price
Regular information
Periodic reports
Transferability
Income tax benefit
Wide publicity

4. Demerits
Listed companies are subjected to various regulatory
measures of the stock exchange and SEBI.
Essential information has to be submitted by the
listed companies to the stock exchanges.
AGM and annual reports have to be sent to large no.
of shareholders.
Public offer that is itself an expensive exercise. But is
prerequisite of the companies shares to be issued.

5. Qualification for listing
Minimum issued capital :- 10 crores
Payment of excess application money: 15 % after 30 days
Listing on multiple exchanges: paid up capital 5
crores, compulsory listing on more than one exchange.
The no. of shareholders: 5 for one lakh fresh and for existing its
10.
Appointment of market maker:
Articles of association:
Cost of public issue

6. Advertisement
Minimum subscription
Applying mode
Public offer size

7. Listing procedure
 Preliminary discussion: discussion with stock exchanges
 Articles of association approval: it has to fulfill following
requirements
(I) Common form of transfer should be used
(II) Once the shares are fully paid, they should be free from
all lien.
(III) The calls carried out in advance are entitled for interest
but not dividends.
(IV) Free dealing should not be restricted by any porovision
(V) The company should comply with the section 205-A of
companies act in the case of dividends.

8.  Draft prospectus approval: getting approval of draft
prospectus is the essential pre-requisite for the
security to be listed. Before finalizing the draft
prospectus the company authorities should hold a
discussion with stock exchange authorities. The
prospectus should clearly state the following.
(I) The name of regional stock exchange and any other
stock exchange where it intends to list securities.
(II) Date of opening of issue and closing
(III) Open for Minimum 3 working days and maximum of
10 days.

9.  Listing application: any company when it intends to
offer shares to the public through prospectus, should
make an application to the stock exchange where the
share is to be listed. A no. of certificates are to be
submitted with application and are as follows:
(I) Three certified copies of MOA and debenture trust
deed.
(II) Copies of prospectus, offer for sale made during last
5 years and circulars and advertisement regarding
offer made during last five years.

10. (III) Copy of every letter, report, balance
sheet, valuation, contract, court order or any other
document given in the prospectus.
(IV) Certified copies of
underwriting, brokerage, vendors, promoter’s selling
agents and sales managers agreement.
(V) Certified copies of the service agreement of
secretaries, treasures, managing director, technical
directors, general manager and manager.
(VI) Particulars regarding the material contract, technical
advice and collaborations, concession and similar other
documents.

11. (VII) Copies of agreements with IFC, industrial credit
and investment corporation and such other bodies.
(VIII) Details regarding the re-organisations,
reconstruction, amalgamation and details of
companies activities.

12.  Listing agreement regarding projection of profitability
 Listing agreement regarding cash flow statement

13. listing fees
Particulars amount
Initial Listing Fees 25,000
Upto Rs. 1 Crore 10,000
Above Rs. 1 Crore and upto Rs.5 Crores 15,000
Above Rs. 5 Crore and upto Rs.10 Crores 25,000
Above Rs. 10 Crore and upto Rs.20 Crores 45,000
Above Rs. 20 Crore and upto Rs.30 Crores 70,000
Above Rs. 30 Crore and upto Rs.40 Crores 75,000
Above Rs. 40 Crore and upto Rs.50 Crores 80,000
Above Rs. 50 Crores and upto Rs.100 Crores 1,30,000

14. Particulars amount
Above Rs. 100 Crore and upto Rs.150 Crores 1,50,000
Above Rs. 150 Crore and upto Rs.200 Crores 1,80,000
Above Rs. 200 Crore and upto Rs.250 Crores 2,05,000
Above Rs. 250 Crore and upto Rs.300 Crores 2,30,000
Above Rs. 300 Crore and upto Rs.350 Crores 2,55,000
Above Rs. 350 Crore and upto Rs.400 Crores 2,80,000
Above Rs. 400 Crore and upto Rs.450 Crores 3,25,000
Above Rs. 450 Crore and upto Rs.500 Crores 3,75,000