(1) After having received the
application for listing the Securities pursuant to Rule 22, the Stock
Exchange shall, upon making the necessary inquiry and if deemed
appropriate to list the Securities having registered the Securities within
thirty days from the date of receipt of application provide the
information to the applicant in format of Schedule-10 and if the
Securities can not be listed the information to that effect shall have to be
given to the applicant.
(2) The Corporate Body which has listed the Securities pursuant
to Sub-rule (1) shall, having paid the annual fee as prescribed in
Schedule-9, renew the listing of Securities within Three months from the
date of expiry of each fiscal year.
(3) The Securities which is not renewed pursuant to Sub-rule (2)
is not allowed to exchange.
(4) Notwithstanding anything contained in sub-rule (1) and (2)
the Stock Exchange may make separate provisions for the Transaction
of Securities which have obtained the concession as not be listed
pursuant to the Act.
29 23A. To Conclude an Agreement: (1) The Stock Exchange shall, before
listing the Securities pursuant to Rule 23, conclude an agreement with
the Corporate Body which have causes the listing of Securities. In such
agreement, the Corporate Body shall have to expressed the commitment
that the concerned Corporate Body shall forth with give the notice or
information that affects transaction price of Securities to the Stock
Exchange, that such notice or information shall be made public so that
all the concerned parties get notice of it, and that it shall assist in the acts
28 Amended by Second Amendment.
29 Inserted by First Amendment.
of regulating or causing to regulate and manage the Transaction of their
own Securities to be carried out through the Stock Exchange.
(2) Having made the listing of the Securities by concluding an
agreement pursuant to sub-rule (1), the Stock Exchange shall inform the
Board of such matters and shall also publish the same in the news papers
to inform the investors.