The Company shall be incorporated under the Companies Act, 1956.
- Post Issue Paid up Capital
The post issue paid up capital of the company (face value) shall not be more than Rs. 25 crores.
- Track Record
The company / firm (or the firm which has been converted into the company) should have a (combined) track record of at least 3 years.
The company / firm (or the firm which has been converted into the company) should have combined positive cash accruals (earnings before depreciation and tax) from operations for at least 2 financial years preceding the application and its net worth should be positive.
- It is mandatory for a company to have a website.
- It is mandatory for the company to facilitate trading in demat securities and enter into an agreement with both the depositories.
- There should not be any change in the promoters of the company in preceding one year from date of filing the application to BSE for listing under SME segment.
A certificate from the applicant company / promoting companies stating
a) " The Company has not been referred to the Board for Industrial
and Financial Reconstruction (BIFR)."
Cases where company is out of BIFR is allowed.
b) There is no winding up petition against the company, which has been
admitted by the court or a liquidator has not been appointed.
Migration from BSE SME Platform to the Main Board
The companies seeking migration to Main Board of BSE should satisfy the eligibility criteria
It is mandatory for the company to be listed and traded on the BSE SME Platform for a minimum period of two years and then they can migrate to the Main Board as per the guidelines specified by SEBI vide their circular dated 18th May 2010 and as per the procedures laid down in the ICDR guidelines Chapter X B.