The company should have minimum issued and paid up equity capital of Rs.15 lacs and/or Minimum Net worth of Rs.1 crore (Net worth includes Equity capital and free reserves excluding revaluation reserves) in immediately preceding financial years. 2. Track record of distributable profits in terms of sec. 205 of Companies Act, 1956 for at least two years out of immediately preceding three financial years and each financial year has to be a period of at least 12 months. Extraordinary income will not be considered for the purpose of calculating distributable profits. Companies not fulfilling the aforesaid criteria will be given conditional listing and such companies which will not be able to fulfill the aforesaid criteria within next 3 financial years (excluding the Financial Year of listing) will be compulsorily delisted from this Exchange. 3. Public shareholding as per SCRA, SCRR and Listing Agreement. Minimum 25% of the company's issued capital should be with Non-Promoters shareholders as per Clause 35 of the Listing Agreement. 4. The criteria for minimum number of shareholders for enlistment at CSE would not be considered for direct listing of companies till 31st March 2015 and thereafter, the present criteria for minimum 100 number of shareholders would be insisted for direct listing. 5. The company should have at least three years listing record with any of the Regional Stock Exchange. 6. No regulatory investigation should be pending against the company. In case of penalty levied by any regulatory body the company should have paid the total penalty before making the application with CSE. A certificate from the Director/ Company Secretary to be provided at the time of application for listing with CSE. 7. The company should have complied with the major clauses of the listing agreement of the existing exchange for last three years. 8. Trading in compulsory DEMAT, minimum 50% of the public shareholding to be in demat form & 100% of the promoted holding to be in demat form.
Kindly note that SEBI vide Circular Ref. No. Cir/ISD/3/2011 dated 17th June 2011 has identified the following conditions for allowing the scrips to be traded in Rolling segment latest by the quarter ended September 2011: