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Thursday, April 3, 2008

NSE Listing Fees & Clause 35 amendments

Credits to Mr. Ashwin...for this detailed presentation...

Listing fees as the name implies is the fees to be paid by the companies to the stock exchange where their shares are listed based on the paid up capital of the Company. This is to be paid annually. The Annual listing fee of National Stock Exchange of India Ltd.,(NSEIL) each year has to be paid on or before 30th of April.

The listing fees of NSEIL has been revised/changed w.e.f. 1st April, 2008 and the revised list is as follows:-

S.No.

Particulars

Amount (Rs.)

1

Initial listing Fees(one time payment)

25,000

2

Annual listing Fees (based on paid up share, bond and/or debenture and/or debt capital, etc.)

Above(Rs.)

Upto(Rs.)

N.A.

1 Crores

10,000

1 Crores

5 Crores

15,000

5 Crores

10 Crores

25,000

10 Crores

20 Crores

45,000

20 Crores

30 Crores

70,000

30 Crores

40 Crores

75,000

40 Crores

50 Crores

80,000

50 Crores

100 Crores

130,000

100 Crores

150 Crores

150,000

150 Crores

200 Crores

180,000

200 Crores

250 Crores

205,000

250 Crores

300 Crores

230,000

300 Crores

350 Crores

255,000

350 Crores

400 Crores

280,000

400 Crores

450 Crores

325,000

450 Crores

500 Crores

375,000

500 Crores

375,000+2500 for every increase of 5 crores or part thereof

1000 Crores

630,000+2750 for every increase of 5 crores or part thereof

ALTERATION IN FORMAT (l)(d) UNDER CLAUSE 35 OF

LISTING AGREEMENT

Through Circular NSE/CML/2006/002 dated April 26, 2006 amendment was made in Clause 35 of listing agreement requiring the company to file shareholding pattern within 21 days from the end of the each quarter.

Under clause 35, company is also required to file statement of locked in shares in Format (l) (d)

Format (l) (d) under Clause 35 of the listing agreement is altered by introducing a new column – "Category of share holders" After the amendment it stands as follows:-

(l)(d) – Statement showing details of locked in shares

Sr.No.

Name of the shareholder

*Category of shareholders (Promoters/Public)

Number of locked-in shares

Locked-in shares as a percentage of total number of shares{i.e., Grand Total (A)=(B)+(C) indicated in Statement at para (l)(a) above}

1.

2.

TOTAL

*New addtion in the format (l)(d) of the clause

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