Is it necessary for a public company to get its shares listed on a stock exchange?

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Asked: 2023-05-21T10:05:19+05:30 In: Business Studies
Is it necessary for a public company to get its shares listed on a stock exchange?

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Is it necessary for a public company to get its shares listed on a stock exchange? What happens if a public company fails to get the permission from stock exchange?

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  2. Gandalf

    Answer:
    Yes. A public company must list its shares with at least any one of the stock exchanges for the allotment of shares. Therefore, the promoters must apply in a stock exchange for permission to deal in its shares or debentures. If permission is not granted before the expiry of ten weeks from the date of Closure of the subscription list, the allotment shall become void and the application money must be returned to the applicants within eight days.

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