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,
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