Clause 49

bodily political science is concerned with holding the balance surrounded by economic and social goals and between individual and communal goals. The governance framework is on that point to encourage the efficient use of resources and every bit to require accountability for the stewardship of those resources. The aim is to align as around as possible the interests of individuals, corporations and society. - -Sir Adrian Cadbury, UK, Commission Report: Corporate arrangement 1992 The basic criterion on which the unit of measurement Listing contract based is Corporate Governance. Currently there atomic number 18 54 Clauses in the Listing Agreement and all told of them based on this very concept. Further, there is a clause which specifically deals with Corporate Governance i.e. Clause 49. Listing means admission of securities to dealing on a recognized stock exchange. The securities may be of any public limited company, Central or introduce Government, quasi governmental and other financial institutions/corporations, municipalities, etc. The objectives of listing are mainly to: provide liquidity to securities; mobilize savings for economic development;  protect interest of investors by ensuring full disclosures.

A company, desirous of listing its securities on the Exchange, shall be required to charge an application, in the prescribed form, with the Exchange before issue of course catalog by the company, where the securities are issued by bureau of a course catalogue or before issue of Offer for Sale, where the securities are issued by way of an offer for sale. The basic criterion on which the whole Listing Agreement based is Corporate Governance. Currently there are 54 Clauses in the Listing Agreement and all of them based on this very concept. Further, there is a clause which specifically deals with Corporate Governance i.e. Clause 49. By way of Listing Agreement inter alia, Stock Exchange ensures on behalf of SEBI that the Companies are following good Corporate Governance Practice. As such, the Listing... If you want to get a full essay, order it on our website: Ordercustompaper.com

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