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ARTICLE · 27 FEBRUARY 2014

Listing On The Bourse – SMEs

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The rigid rules framed by Securities Exchange Board of India for listing the securities in the bourses have been relaxed.

IndiaFinance and Banking
Gopal Bageria
Gopal Bageria
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INTRODUCTION

"Every cloud has a silver lining". Certainly, this must be the phrase in the wordings of every entrepreneur who runs a small or medium enterprise, as the conditions, rather rigid rules framed by Securities Exchange Board of India (SEBI) for listing the securities in the bourses have been relaxed.

The Small and Medium Scale Enterprise (SMEs) were unable to list on the Stock Exchanges as they were unable to comply with the special SME norms laid down by SEBI on 18th May 2010. These norms required market making for a minimum period of three years apart from the issue of shares to public, required certain minimum requirement in the form of dividend distribution, net tangible assets etc, complying all added to be a vigorous task.

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