Process to List the Company on SME Exchange

1. Conversion of Company into Public Limited Company, if applicable
2. Preparation of Documents for conversion and submission to ROC for approval i.e. Alteration of Memorandum, Articles & filing of necessary forms for appointment of aforesaid directors
3. ROC approval accorded for conversion
4. Identification & appointment of Registrar & Transfer Agents & Submission of Master Creation forms with NSDL, CDSL for establishing connectivity
5. Appointment of Managing Director, Whole Time Director, Independent Directors, Company Secretary & deciding about their remuneration, sitting fees etc.
6. Constitution of committees - Audit, Shareholder Grievance, Remuneration etc. As per SEBI Listing Obligations and Disclosure Requirements Regulations
7. Preparation of website of the Company & hosting code of conduct on the website
8. Signing of Tri-Partite Agreement with NSDL & CDSL and receipt of ISIN
9. Identification & appointment of peer review auditors & getting the financials of last 5 years restated and for last 1 year re-audited from peer review auditors as per SEBI (ICDR) Regulations, 2009
10. Appointment of Merchant Banker & Market Maker
11. Preparation of Project Report and Draft Red Herring Prospectus (DRHP) / Prospectus
12. Filing of Draft Red Herring Prospectus (DRHP) with stock exchange & SEBI (only for hosting)
13. Visit to registered office of the Company by BSE officials and promoters interview with Listing Advisory Committee
14. In Principle approval from stock exchange
15. Filing of Draft Red Herring Prospectus (DRHP) with ROC & getting it cleared from ROC
16. Filing of Final Prospectus with Stock exchange and SEBI
17. Opening of the Issue
18. Closing of the Issue
19. Allotment of shares
20. Filing of listing application with Stock exchange
21. Receipt of listing approval from Stock exchange
22. Filing of corporate action form with NSDL & CDSL and demat credit of shares
23. Filing of trading application with Stock exchange
24. Receipt of trading approval from Stock exchange