Presented by Gopalkrishnan Iyer 27 March 2009 BOMBAY

Presented by Gopalkrishnan Iyer 27 March 2009 BOMBAY STOCK EXCHANGE LTD.

Listing of Securities Admission of securities for dealings on the Exchange pursuant to execution of a listing agreement by a company with the Exchange BOMBAY STOCK EXCHANGE LTD.

Listing of Securities Whether listing of equity shares is mandatory for listed status of a company? No. Companies can seek listing of its Non-Convertible Debt instruments without listing its equity shares by complying with SEBI (Issue and Listing of Debt Securities) Regulations, 2008. NCDs may be issued either through IPO/ FPO or Private Placement. BOMBAY STOCK EXCHANGE LTD.

Applicable Provisions of Law 1. Companies Act, 1956 Sec 73 – Application to the Exchange for permission to deal in securities 2. Securities Contracts (Regulation) Act, 1956 Sec 21 – Execution of listing agreement mandatory for listing of securities 3. Securities Contracts (Regulation) Rules, 1957 Rule 19(2)(b) – Quantum of issue for listing 4. SEBI Guidelines and Regulations DIP Guidelines – Eligibility, Mode of issuance, Allotment etc of equity Regulations – Issue and listing of NCDs 5. Rules, Bye-Laws, Regulations of BSE Eligibility norms for listing on the Exchange BOMBAY STOCK EXCHANGE LTD.

Listing Process Application to BSE alongwith filing of offer document for a) In-principle approval for listing of securities b) Using the name of the Exchange in the offer document c) Using the book building platform for offering securities BOMBAY STOCK EXCHANGE LTD.

Listing Process – BSE…. contd BSE as a Designated Stock Exchange will be involved in • Collection of the 1% Security Deposit • Approving the Basis of Allotment • Final listing and trading approvals BOMBAY STOCK EXCHANGE LTD.

Listing of Securities (Issuance other than through IPOs) • Further Public Offerings (FPO) • Rights Issue • Bonus Issue • ADR/ GDR • Preferential Issue • Qualified Institutional Placements (QIP) • Conversion of Instruments • Amalgamation/ Demerger/ Scheme of Arrangement • ESOPs • Forfeiture of shares BOMBAY STOCK EXCHANGE LTD.

BSE awaits …… iyer@bseindia. com 98205 28849 BOMBAY STOCK EXCHANGE LTD.