Delhi Stock Exchange (DSE) has announced the extension of its amnesty scheme. The scheme was started to revive the inactive scrips on the exchange.
The scheme, that started in March this year, was suppose to close on April 30. It is now extended by two months, up to June-end.
As per the amnesty, DSE will waive off full amount of reinstatement fees, processing fees and condonation fees for non-publication or filing of various notices and quarterly results.
The amnesty scheme would help the companies to waive off 25 per cent of total listing fees outstanding for a period up to five years and 40 per cent on dues outstanding for the period over and above five years.
DSE, which is scheduled to start its operations shortly, is inviting the inactive listed companies at the exchange to take advantage of the amnesty scheme and revive their operations in the trading of their securities. The reviving of the scrips will enable the companies to trade in Delhi Online Trading System (DOTS), which has been developed in association with its business and technology partner Financial Technologies (India) (FTIL).
Speaking on the development, H S Siddhu, executive director, DSE said, “As we are planning to re-start our operation soon, we have been trying to rope in all the listed companies with DSE.”
The exchange said in s statement that the board extend the scheme viewing the encouraging response from several listed companies and the increasing number of applicants who want to avail this scheme.