TMI BlogEligibility conditionsX X X X Extracts X X X X X X X X Extracts X X X X ..... ence date; c) the average market capitalisation of public shareholding of the issuer is at least two hundred and fifty crore rupees; 3 [ in at least one of the recognized stock exchanges with nationwide trading terminal, where its securities are listed; ] d) the annualised trading turnover of the equity shares of the issuer during six calendar months immediately preceding the month of the reference date has been at least two per cent. of the weighted average number of equity shares listed during such six months period: Provided that for issuers, whose public shareholding is less than fifteen per cent. of its issued equity capital, the annualised trading turnover of its equity shares has been at least two per cent. of the weight ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ast ninety five per cent. of the complaints received from the investors till the end of the quarter immediately preceding the month of the reference date; 1 [ (h) that no show-cause notices, excluding proceedings for imposition of penalty, have been issued by the Board and pending against the issuer or its promoters or whole-time directors as on the reference date.; In cases where against the issuer or its promoters or whole-time directors, i) show-cause notice(s) has been issued by the Board 4 [ or the Adjudicating Officer, ] in a proceeding for imposition of penalty; or ii) prosecution proceedings have been initiated by the Board; necessary disclosures in respect of such action(s) along-with its potential adverse imp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of offer.; ] Explanation: For the purpose of this regulation: (i) average market capitalisation of public shareholding means the sum of daily market capitalisation of public shareholding for a period of one year up to the end of the quarter preceding the month in which the proposed issue was approved by the shareholders or the board of the issuer, as the case may be, divided by the number of trading days. (ii) public shareholding shall have the same meaning as assigned to it under the Securities Contracts (Regulation) Rules, 1957. (iii) reference date means the date of filing the letter of offer with the designated stock exchange. (iv) audit qualifications for this regulation shall be those disclosed under applicab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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