Revocation Of Suspension

Norms For Revocation Of Suspension, Where The Suspension Is For A Period Exceeding 1 Year (Effective From July 1, 2011)

The companies which are seeking revocation of suspension will be required to comply with the norms as given here under:

Particulars	Norms
Issued and Paid up capital	Minimum paid up capital of Rs. 10 crores OR Minimum networth of Rs. 50 crores (excluding revaluation reserves) in 3 immediately preceding financial years
Profit making track record	Distributable profits in terms of sec. 205 of Companies Act, 1956 for atleast 3 out of 5 immediately preceding financial years based on audited financial results with the last financial year reporting profit. Provided that extraordinary income shall not be considered for calculating distributable profit. Provided further that latest 3 Financial Years should comprise a period of atleast 12 months
Public Shareholding	Meeting with the requirements of SCRA, SCRR and Listing Agreement.
No. of public shareholders	Minimum 500
Trading in Compulsory Demat	Minimum of 50% of the public shareholding should be held in demat form. Provided that where the company has not signed with either/ both the depositories for dematerialization, it shall submit a letter from the relevant depository rejecting admission of the security in the depository
Trading in Compulsory Demat	Information Memorandum as provided in Schedule II of Companies Act, 1956 to the extent applicable, as certified by the Company Secretary/ MD of the Company
Networth	Minimum networth of Rs. 50 crores (excluding revaluation reserves) in 3 immediately preceding financial years

 Note:

1. Entire issued capital of the company must be listed.

2. No investor complaints pending against the company.

3. The company is in compliance with clauses of the listing agreement, filings under SEBI regulations/ circulars, SCRA and SCRR.

4. The shareholding of promoter and promoter group entities shall be under lock-in for a period of 6 months from the date of commencement of trading, post revocation of suspension.

5. Company should have its own website.

6. Payment of reinstatement fees as applicable

Revocation Of Suspension, Where The Suspension Is For A Period Less Than 1 Year (Effective From July 1, 2011)

The companies which are seeking revocation of suspension will be required to comply with the norms as given here under:

1. Entire issued capital of the company must be listed.

2. No investor complaints pending against the company

3. The company is in compliance with clauses of the listing agreement, filings under SEBI regulations/ circulars, SCRA and SCRR

4. Company should have its own website

5. Payment of reinstatement fees as applicable