What is Sebi listing agreement?

What is Sebi listing agreement?

The listing agreement provides for the provision ensuring that the RTA and/or the In-house Share Transfer facility, as the case may be, produces a certificate from a PCS within 1 month of the end of each half of the financial year, certifying that all certificates have been issued within 15 days of the date of lodgment …

What does Clause 49 of Sebi listing agreement refers to?

The term ‘Clause 49’ refers to clause number 49 of the Listing Agreement between a company and the stock exchanges on which it is listed (the Listing Agreement is identical for all Indian stock exchanges, including the NSE and BSE). A limit was placed on the number of committees that a director could serve on.

Is listing agreement still applicable?

Starting December 1, listing agreements between listed entities and exchanges will become redundant, as the contractual agreements between the two will be replaced by a listing regulation. There are certain aspects that Sebi expects companies to disclose to stock exchanges without exception.

What is listing agreement in corporate governance?

Clause 49 of “Listing agreement” deals with the complete guidelines for corporate governance. Following are the provisions, a company, must comply to implement effective corporate governance.

What is Clause 49 A explain?

The Securities Exchange Board of India (SEBI) added Clause 49 to the Listing Agreement in 2000. The clause was enacted with the aim of improving corporate governance of all companies listed on the Indian stock exchanges including the NSE and BSE.

What is on a listing agreement?

A listing agreement authorizes the broker to represent the seller and their property to third parties. The listing agreement also specifies the listing price, broker’s duties, seller’s duties, broker’s compensation, terms for mediation, an automatic termination date, and any additional terms and conditions.

What are the 5 major functions of Sebi?

Functions of SEBI It regulates the operations of depositories, participants, custodians of securities, foreign portfolio investors, and credit rating agencies.

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