Rules to be Listed on BSE for Companies Already Listed on Other stock exchanges

The listing norms for companies already listed on other regional stock exchanges and seeking listing at BSE, made effective from August 6, 2002, are as under

The company shall have a minimum issued and paid up equity capital of Rs. 3 crore.

The company shall have a profit making track record for the preceding last three years. The revenues/profits arising out of extra ordinary items or income from any source of non-recurring nature shall be excluded while calculating the profit making track record. Minimum net worth shall be Rs. 20 crore (net worth includes equity capital and free reserves excluding revaluation reserves).

Minimum market capitalization of the listed capital shall be at least two times of the paid up capital.

The company shall have a dividend paying track record for at least the last 3 consecutive years and the dividend should be at least 10% in each year.

Minimum 25% of the company’s issued capital shall be with Non-Promoter shareholders as per Clause 35 of the Listing Agreement. Out of above Non-Promoter holding, no single shareholder shall hold more than 0.5% of the paid-up capital of the company individually or jointly with others except in case of Banks/Financial Institutions/Foreign Institutional Investors/Overseas Corporate Bodies and Non-Resident Indians.

The company shall have at least two years listing record with any of the Regional Stock Exchanges.

The company shall sign an agreement with CDSL and NSDL for demat trading

Companies delisted by BSE and seeking relisting at BSE are required to make a fresh public offer and comply with the extant guidelines of SEBI and BSE regarding initial public offerings.

Source: BSE Website