TMI BlogGranting companies listed on the Innovators Growth Platform pursuant to an initial public offer, an option to trade under the regular category of the main board of the stock exchangeX X X X Extracts X X X X X X X X Extracts X X X X ..... the stock exchanges, if any, and the fulfillment of the following conditions: (a) It has listed its specified securities for a minimum period of one year on the Innovators Growth Platform of a recognised stock exchange; (b) It has minimum of two hundred shareholders, at the time of making the application for trading under the regular category; (c) The company, any of its promoters, promoter group or directors are not debarred from accessing the capital market by the Board; (d) None of the promoters or directors of the company is a promoter or director of any other company which is debarred from accessing the capital market by the Board; (e) The company or any of its promoters or directors is not a 3 [ wilful defaulter or a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions laid down under sub-regulation (2) of regulation 292, shall, as on date of application for migration under the regular category, have fifty per cent of its capital held by Qualified Institutional Buyers. ] Minimum promoters contribution (4) The promoters of the company shall hold atleast twenty per cent of the total capital: Provided that in case the total capital held by the promoters is less than twenty per cent, alternative investment funds or foreign venture capital investors or scheduled commercial banks or public financial institutions or insurance companies registered with Insurance Regulatory and Development Authority of India may contribute to meet the shortfall in minimum contribution as specified, subject to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CATION No. SEBI/LAD-NRO/GN/2019/35 dated 23-09-2019 before it was read as Migration to the main board 292.An issuer that has listed its specified securities on a recognised stock exchange may at its option migrate to the main board of that recognised stock exchange after expiry of three years from the date of listing subject to compliance with the eligibility requirements of the stock exchange. 2. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/18 dated 05-05-2021 before it was read as (3) A company not satisfying the conditions laid down under sub-regulation (2) of regulation 292, shall, at the time of applying to trade under the regular category, have seventy five per cent. of its capital, as on date of applic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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