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.