• The Committee of the Exchange at its Meeting held on 22^nd March, 1996 had decided that with effect from 1^st April, 1996 in respect of new companies, the threshold limit for listing will be issued equity capital of Rs. 5.00 crores and above.
• It has now been decided that with effect from 9^th June, 2000 in respect of new companies in high technology (i.e. information technology, internet, E-commerce, telecommunication etc.) the following criteria will be applicable regarding threshold limit:
• The total income/sales from the main activity, which should be in the field of information technology, internet, E-Commerce & telecommunication, should not be less than 90% of the total income during the two immediately preceding years as certified by the Auditors of the company;
• The minimum post issue paid up capital should be Rs. 3.00 crores;
• The minimum market capitalization should be Rs. 25.00 crores. (The market capitalization will be calculated by multiplying the post issue subscribed number of equity shares with the issue price)

Direct Listing (i.e. Existing listed company with other Stock Exchange/Exchanges now seeking listing on CSE)

It has been decided that with effect from 9^th June, 2000 Companies having issued capital between Rs. 3.00 crores and Rs. 5.00 crores (minimum equity capital Rs. 3.00 crores) listed on any recognized Stock Exchange can now seek listing at CSE subject to the following criteria:

• the company should have profit making track record for at least three years;
• Minimum market capitalization should be Rs. 10.00 crores based on average price of last 6 (six) months;
• Number of days traded during last six complete months should be minimum of 25% of the total trading days during the same six months of any Stock Exchange;
• Minimum average volume traded during the last three complete months should be 500 shares per settlement in any Stock Exchange;
• Minimum 25% of the Company’s issued capital should be with public inclusive of bodies corporate and the same be certified by the Auditors of the Company; and
• The company should be agreeable to sign an agreement with depositories for demat trading.

However, the threshold limit and other criteria will not apply to existing listed company with other Stock Exchange/Exchanges that shifted Registered Office in West Bengal, as decided by the Committee at its Meeting held on 7^th November, 1996.