Listing of Securities :

As per the provisions of the Regulations, a recognized stock exchange can apply for the listing of its securities on any recognized stock exchange other than itself if:

– It complies with the provisions of these regulations.

– It has completed 3 years of continuous trading operations immediately preceding the date of application of listing.

– It has the approval of SEBI.

Though as per the provisions of these Regulations, the securities of a recognized Clearing Corporation shall not be listed on a stock exchange.

The Regulations also requires securities of both the recognized Stock Exchanges as well as Clearing Corporations to be held in dematerialized form.