Leading bourse BSE today said companies seeking revocation of their suspension from the stock exchange can file applications on the exchange's web-based portal, a move that would help expedite the process for such firms.
"As a further step in providing automated solutions to listed corporates, companies whose securities have been suspended from trading and are now seeking revocation, can also submit their applications for revocation along with the supporting documents thereon, through the 'Listing Center' portal," BSE said in a statement today.
"This facility would make the filing process with the exchange easier, more convenient and faster," it added.
The web portal provides a single point resource for companies to file various submissions/ disclosure documents as well as track past filings. It also provides an instant confirmation of the filing done, to the company.
BSE had recently framed a procedure to help firms, suspended on account of non-compliance with listing norms, to meet the necessary regulatory requirements expeditiously.
Under the new procedure, BSE-listed firms are required to meet with the compliances to revoke their suspension, within a prescribed time limit, and failure to complete the process would result in compulsory delisting of such companies from the stock exchange.
Companies accessing the Listing Centre would be allotted a unique case number, upon filing of their application, that would need to be quoted for all future filings done by the company for its revocation.
Suspended companies can obtain user credentials for the Listing Centre by writing to bsehelp@bseindia.Com.
