Regulation 9 - Letter Precedent to Listing - Securities And Exchange Board of India(Central Listing Authority) Regulations, 2003

Letter Precedent to Listing 9 (1) No applicant, unless it has obtained a letter precedent to listing from the Authority, shall: (a) make an issue of securities which is proposed to be listed on an exchange, and/or (b) make a listing application for listing of its securities to any exchange. (2) No applicant shall make an issue of any class of securities unless it has obtained an in-principle approval from the exchange(s) where it proposes to list such securities. (3) No exchange shall consider a listing application made by an applicant, unless it is accompanied by a copy of the letter precedent to listing granted by the Authority. (4) The Board, in consultation with the Authority, may either by a general or a specific order, exempt the application of sub-regulations (1), (2) and (3) to any security or class of securities, for such period and subject to such conditions, if any, as may be specified in the order.