Listing Agreement

Dear Pooja,

Like in the case of any Company  its MOA/Articles contains the constitution the affairs of any Stock Exchange are governed through the Statutory Authority/ies NSE (which obviously comes within the  perview of the concerned Ministry).

Hence in the instant circumstances if in case in view of the direction by NSE any stock exchange directs the changes in the listing agreement the same are obviously correct, genuine, having binding effect and are enforceable as such.

Best Regards

Daksh

Listing agreement (LA) with Stock Exchange (SE) is not like any commercial agreement. Its an agreement with backing of laws, refer Security Contract Regulation Act. Its mention in LA that a company can not cancel and company agrees to obey rule, procedures etc. of the SE.

Regarding the amendment in LA, SEBI first instruct to SE and then SE communicates to Company in reference to LA. SEBI is not directly dealing with any Company. SE is governed by SEBI under separate rules/laws.

Dear Friend,

It is like this way that the law is binding on the parties from time to time as per the amendments takes place, so it is the law which make the other party binding and not the agreement only.

Regards