- Draft of depositories regulations approved.
- Entry into the market restricted to companies which have paid dividends three out of the last five years. This condition waived for manufacturing companies if project appraised by a financial institution or bank which is contributing at least 5 percent of project cost.
- Wide shareholder base made compulsory.
- Companies will have to pay interest to investors if listing of shares delayed beyond
- 30 days from issue closure.
- Rs 5 crore equity threshold limit for listing.
- Ninety per cent minimum subscription in the case of offer for sale relaxed.
- Ban on offering discounts and incentives.
Getting your Trinity Audio player ready...
Cracking The Whip
Cracking The Whip
