Rule 2A Companies not to be considered as listed companies
- Chapter
- I · Preliminary and Definitions
- Text as on
- G.S.R. 700(E) dated 15 September 2022
2A. Companies not to be considered as listed companies.- For the purposes of the proviso to clause (52) of section 2 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013), the following classes of companies shall not be considered as listed companies, namely:-
(a) Public companies which have not listed their equity shares on a recognized stock exchange but have listed their
(i) non-convertible debt securities issued on private placement basis in terms of SEBI (Issue and Listing of Debt Securities) Regulations, 2008; or
(ii) non-convertible redeemable preference shares issued on private placement basis in terms of SEBI (Issue and Listing of Non-Convertible Redeemable Preference Shares) Regulations, 2013; or
(iii) both categories of (i) and (ii) above.
(b) Private companies which have listed their non-convertible debt securities on private placement basis on a recognized stock exchange in terms of SEBI (Issue and Listing of Debt Securities) Regulations, 2008;
(c) Public companies which have not listed their equity shares on a recognized stock exchange but whose equity shares are listed on a stock exchange in a jurisdiction as specified in sub-section (3) of section 23 of the ActDefined in rule 2(a): Act means the Companies Act, 2013 (18 of 2013).
1. Ins. by G.S.R. 123(E), dated 19th February, 2021 (Companies (Specification of definitions details) Second Amendment Rules, 2021), w.e.f. 1st April, 2021.