LISTING AND TRADING OF NON-CONVERTIBLE REDEEMABLE PREFERENCE SHARES :

CONTINUOUS LISTING

All the issuers making public issues of non-convertible redeemable preference shares or seeking listing of nonconvertible redeemable preference shares issued on private placement basis shall comply with the conditions of listing specified in the respective listing agreement for non-convertible redeemable preference shares.

The issuer and stock exchanges shall disseminate all information and reports on non-convertible redeemable preference  shares including compliance reports filed by the issuers regarding the non-convertible redeemable preference shares to the investors and the general public by placing them on their websites.

TRADING

1. The non-convertible redeemable preference shares issued to the public or on a private placement basis, which are listed in recognized stock exchanges, shall be traded and such trades shall be cleared and settled in recognized  stock exchanges it should satisfy the conditions specified by SEBI.

2. In case of trades of non-convertible redeemable preference shares which have been made over the counter, such trades shall be reported on a recognized stock exchange having a nation-wide trading terminal or such other platform as may be specified by SEBI.

3. SEBI may specify conditions for reporting of trades on the recognized stock exchange or other platform.