Stock Exchange Compliance_Filing of Information on Electronic Platform

Ref No: NSE/CML/2019/08 March 22, 2019 

Filing of Information on Electronic Platform 

NSE has issued circular to all Listed Companies to sensitize on the Filing of Information on Electronic Platform of NSE. 

This is in continuation to Exchange circular dated February 15, 2018 regarding seamless announcement and Board Meeting dissemination and other circular issued thereafter for “Filing of Information on Electronic Platform”. Exchange is pleased to introduce seamless announcement filing mechanism for below mentioned additional short descriptions (subjects) on NEAPS. For the benefit of investors and market, the announcement filed under these short descriptions shall also be disseminated directly on the website without Exchange intervention. 

1. Corporate Insolvency Resolution Process 

2. Conversion 

3. Preferential issue 

4. Restructuring 

5. Name Change 

6. Forfeiture 

7. Acquisition 

8. Corporate Debt Restructuring 

9. Demerger 

10. FCCBs 

11. Redemption 

12. Scheme of Arrangement 

13. Voluntary Delisting 

14. Amalgamation/Merger 

15. Diversification/Disinvestment 

16. Retirement 

17. Change in Company Secretary/Compliance Officer 

18. Memorandum of Understanding/Agreements 

19. Post Offer Public Announcement 

20. Utilisation of Funds 

21. Withdrawal 

Under this seamless system, the information will get disseminated as has been filed by listed entity. Listed entity shall exercise due care while filing the announcement and shall be solely answerable for the announcement. 

This system will be in effect from March 26, 2019. 

The User Manual will be made available on NEAPS Module under the following link: https://www.connect2nse.com/LISTING/ Compliance.

Other related Article:

NSE Circular: Filing of Information on Electronic Platform (NEAPS) 

Link: https://csravi2014.blogspot.com/2019/03/nse-circular-filing-of-information-on.html

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+91-7838204665,

csravi2014@gmail.com

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NSE Circular: Filing of Information on Electronic Platform (NEAPS)

NSE Circular: Filing of Information on Electronic Platform

Rf No: NSE/CML/2019/05, dated March 1, 2019

The Exchange has introduced online portal NSE Electronic Application Processing System (NEAPS) for filing of documents/information w.r.t. listing of companies pursuant to Regulation 19(2)(b) of Securities Contract (Regulations) Rules, 1957 (Scheme of Arrangement). The Companies are advised to file documents/information with the Exchange only through NEAPS. 

To submit the documents/information on NEAPS, the Company needs to be registered themselves as new user by using following URL “https://www.connect2nse.com/LISTING/”. 

The Exchange will not accept any physical copy/email for the above purpose. 

This circular shall be applicable with immediate effect. 

This is for your information and necessary action please. For and on behalf of National Stock Exchange of India Limited 

Regulation 19(2)(b) of Securities Contract (Regulations) Rules, 1957

 At least 10 per cent of each class or kind of securities issued by a company was offered to the public for subscription through advertisement in newspapers for a period not less than two days and that applications received in pursuance of such offer were allotted subject to the following conditions: 

(a) minimum 20 lakh securities (excluding reservations, firm allotment and promoters’ contribution) was offered to the public; 

(b) the size of the offer to the public, i.e., the offer price multiplied by the number of securities offered to the public was minimum Rs. 100 crores; and 

(c) the issue was made only through book building method with allocation of 60 per cent of the issue size to the qualified institutional buyers as specified by the Securities and Exchange Board of India:

Provided that if a company does not fulfil the conditions, it shall offer at least 25 per cent of each class or kind of securities to the public for subscription through advertisement in newspapers for a period not less than two days and that applications received in pursuance of such offer were allotted: 

Provided further that a recognised stock exchange may relax any of the conditions with the previous approval of the Securities and Exchange Board of India, in respect of a Government company within the meaning of section 617 of the Companies Act, 1956 (1 of 1956), and subject to such instructions as that Board may issue in this behalf from time to time.

Explanation.— For the purpose of this clause, it is hereby clarified that where any part of the securities sought to be listed have been or are agreed to be taken up by the Central Government, a State Government, development or investment agency of a State Government, Industrial Development Bank of India, Industrial Finance Corporation of India, Industrial Credit and Investment Corporation of India Limited, Life Insurance Corporation of India, General Insurance Corporation of India and its subsidiaries, namely the National Insurance Company Limited, the New India Assurance Company Limited, the Oriental Fire and General Insurance Company Limited and the United Fire and General Insurance Company Limited or Unit Trust of India, the total subscription to the securities, whether by one or more of such bodies, shall not form part of the 10 per cent or 25 per cent of the securities, as the case may be, to be offered to the public.] 

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Ravi Garg                                    

Company Secretary                    

+91-7838204665,

csravi2014@gmail.com

Feel free to contact with us.