Eligibility Conditions for public issue

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..... ons are complied with: (a) the issuer has surplus income as per its Income and Expenditure Statement in any of the immediately preceding three financial years or as per any other financial criteria as may be specified by the Board from time to time: Provided that where the issuer is a body corporate to which the Companies Act, 2013 applies, it shall not have negative net worth in any of immediatel .....

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..... plied with: (a) it has made an application to one or more recognised stock exchanges for listing of such securities therein: Provided that where the application is made to more than one recognised stock exchanges, the issuer shall choose one of them as the designated stock exchange: Provided further that where any of such stock exchanges have nationwide trading terminals, the issuer shall choose o .....

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..... document; (d) it has entered into an arrangement with a depository registered with the Board for dematerialisation of the revenue bonds that are proposed to be issued to the public, in accordance with the Depositories Act, 1996 and regulations made there under. (3) The revenue bonds shall have a minimum tenure of three years or such period as specified by the Board from time to time. (4) The reven .....

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